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COMPAGNIE FINANCIERE RICHEMONT SA - Information for former Depositary Receipt (DR) holders rejected withholding tax reclaims

Release Date: 13/03/2024 17:30
Code(s): CFR     PDF:  
Wrap Text
Information for former Depositary Receipt (‘DR’) holders – rejected withholding tax reclaims

Compagnie Financiere Richemont SA
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332


We refer to the SENS announcement of 28 November 2023 and of 22 June
2023 where we explained that the withholding tax reclaim programme
that Richemont, along with Computershare, assisted in had been
cancelled by the Swiss Federal Tax Administration ('SFTA'), with
effect from the 2022 dividend year.

We have recently been informed by the SFTA that it has completed its
review of the claims for the dividend years 2018 to 2021. It has
rejected certain claims and Computershare will be sending letters
to the claimants that have been rejected. We must point out that,
if your claim has been rejected, you will need to resolve this
directly with the SFTA and, if applicable, your local withholding
tax reclaim service to have your claims processed. Neither Richemont
nor Computershare can assist any further once the claim has been

In addition, in our announcements above we explained that Richemont
had asked Computershare to provide the withholding tax reclaim forms
to all holders for the 2022 and 2023 dividend years. They provided
these by email on 30 November 2023 but, if you have not received
these, you can still contact Computershare, as follows:

Computershare Investor Services (Pty) Ltd
Private Bag X9000
Telephone: 0861 100 935

OR email:

who will be happy to provide these to you.

Please note that claimants have three years to submit their claim
to the SFTA, meaning that claims with regard to the 2022 dividend
must be submitted to the SFTA prior to December 31st, 2025.

Computershare and its associate's involvement in the withholding tax
reclaim process is to assist former Richemont DR holders and 'A'
shareholders only. They do not accept any responsibility for any
delay or failure by SARS or the SFTA to accept claims for a refund
and/or for any failure, for whatever reason, by the SFTA to pay the
refund and/or any failure by claimants to receive the payment. In
the event of any refusal by SARS or the SFTA to accept the claims
or pay the refunds, holders may take the matter up with the relevant
tax authorities personally as and if appropriate.
Richemont A shares are listed on the SIX Swiss Exchange, Richemont's
primary listing, and on the Johannesburg Stock Exchange, Richemont's
secondary listing. Richemont A shares are included in the Swiss
Market Index ('SMI') of leading stocks.

13 March 2024

Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13-03-2024 05:30:00
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