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COMPAGNIE FINANCIERE RICHEMONT SA - Disclosure of management transaction

Release Date: 14/02/2020 16:52
Code(s): CFR     PDF:  
Wrap Text
Disclosure of management transaction

Compagnie Financière Richemont SA (“The Company”)
Depository Receipts issued by Richemont Securities SA
("Richemont Securities" or "Richemont")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0045159024
Depository Receipt Code: CFR

14 FEBRUARY 2020

DISCLOSURE OF MANAGEMENT TRANSACTION

Pursuant to Article 56 of the SIX Swiss Exchange ("SIX") listing rules and the Directive on
Disclosure of Management Transactions, the Company has been notified of a trade carried out by
a member of the board of directors in depository receipts issued by Richemont Securities SA
(“South African Depository Receipts”) in respect of the Company’s shares.

The Company is required, pursuant to section 18.19 of the JSE Listings Requirements, to announce
on SENS the equivalent information that is made publicly available on the SIX.

As a consequence, the following information is disclosed:

 Issuer                                    Compagnie Financière Richemont SA
 Date of transaction / date of trade       13 February 2020
 execution
 Capacity of the person subject to the     Non-executive member of the Board of Directors
 reporting obligation
 Type of transaction                       Sale
 Transaction executed by                   A related legal entity
 Total amount of rights                    89’015 securities
 Transaction value                         CHF 665’142.33
 Type of rights                            Other
 ISIN                                      CH0045159024
 Principal terms of the financial          South African Depository Receipts (traded on the
 instruments                               Johannesburg Stock Exchange)
 Further transaction details               Transaction value was in ZAR (ZAR 11’357.82
                                           per South African Depository Receipt). Using the
                                           exchange rate as at the date following the
                                           transaction (ZAR 15.20: CHF 1), the CHF value
                                           was CHF 665’142.33
                        
Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are
included in the Swiss Market Index ('SMI') of leading stocks. Richemont South African Depository
Receipts are listed in Johannesburg, Richemont’s secondary listing.

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)




                                               

Date: 14-02-2020 04:52:00
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