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COMPAGNIE FINANCIERE RICHEMONT SA - Compagnie Financiere Richemont SA dividend dates in respect of South African A shares (JSE shares)

Release Date: 16/05/2025 07:31
Code(s): CFR     PDF:  
Wrap Text
Compagnie Financiere Richemont SA – dividend dates in respect of South African ‘A’ shares (‘JSE shares’)

Compagnie Financiere Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332

COMPAGNIE FINANCIERE RICHEMONT SA – DIVIDEND DATES IN RESPECT OF
SOUTH AFRICAN 'A' shares ('JSE shares')

The foreign dividend payable to holders of CFR shares on the JSE
resident in South Africa is derived from the dividend paid by
Compagnie Financiere Richemont SA, Switzerland ('CFR') to holders of
Richemont 'A' shares.

The dividend payable for the CFR shares on the JSE is payable in
Rand and will be effected via CSD participants in Strate for all
dematerialised holdings.

The board of directors of CFR has recommended a dividend of
CHF 3.00000 per 'A' share from income reserves. It is anticipated
that this dividend will be approved by shareholders of CFR at the
annual general meeting to be held on Wednesday 10 September 2025 in
Geneva.   The dividend payable by CFR will be subject to Swiss
withholding tax of 35 per cent, resulting in a net dividend of
CHF 1.95000 per 'A' share. South African tax residents are eligible
to recover 20 per cent of the 35 per cent Swiss withholding tax
levied on the CFR dividend.

Following the increase in the South African dividends tax rate from
15 percent to 20 percent a revised binding class ruling has been
obtained from the South African Revenue Service('SARS'). In terms
of this ruling, those JSE shareholders who are not exempt from the
South African dividends tax will be subject to a rate of 5 percent
South African tax because of the credit available in respect of the
Swiss withholding tax paid. Those JSE shareholders who qualify for
exemption from the South African tax (e.g. South African companies
and non-residents of South Africa) must ensure that they have filed
the relevant exemption forms with their brokers/ banks in order to
ensure that no South African tax is withheld.

The exchange rate applicable for the conversion of Swiss franc to
Rand as at 10 September 2025, for payment of the dividends, will be
confirmed in a separate announcement to be released on SENS on
Wednesday, 10 September 2025.

The payment dates for the dividends in respect of the JSE shares are
anticipated to be as follows:

Finalisation date                            Wednesday, 10 September 2025
Last date to trade "cum dividend"            Tuesday, 16 September 2025
Trading commences "ex-dividend" from the     Wednesday, 17 September 2025
commencement of business on                 
JSE share record date                        Friday, 19 September 2025
JSE share dividend payment date              Monday, 29 September 2025

JSE shareholders may not dematerialise or rematerialise their shares
between Wednesday, 17 September 2025 and Friday, 19 September 2025
both days inclusive. No transfers of shareholdings to and from South
Africa will be permitted between Thursday, 11 September 2025 and
Friday, 19 September 2025 (both dates inclusive).

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 A shares are listed on
the Johannesburg Stock Exchange,Richemont's secondary listing.


16 May 2025

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

Date: 16-05-2025 07:31:00
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