logo
Plus   Neg
Share
Email

Richemont Shareholders Approve FY Results, Announces Dividend

Richemont SA (CFRUY.PK) announced Wednesday that shareholders approved the results for the year, including the proposals of the board of directors for the appropriation of retained earnings at March 31, 2019. This was approved at the Annual General Meeting.

The company also said a dividend of CHF 2.00 per share will be paid on the listed 'A' registered shares and a dividend of CHF 0.20 per share will be paid on the 'B' registered shares in the company. The dividend in respect of the 'A' shares will be payable on Friday, 20 September 2019, free of charges but subject to Swiss withholding tax at the rate of 35%.

All other matters on the agenda were also approved by the shareholders by an overwhelming majority.

On Tuesday, Richemont announced that Eric Vallat, Head of Fashion & Accessories Maisons, will step down from his current position and from the Senior Executive Committee for personal reasons, effective October 26, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
Follow RTT