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
Mystery Ranch Ltd. is recalling about 500 holsters for semi-automatic handguns due to faulty retention straps. The company noted that if the retention strap disconnects from the holster, the handgun could fall and unexpectedly discharge, posing a serious injury risk to consumers. The recall involves the Mystery Ranch Quick Draw Side Arm Holsters, which are semi-auto holsters. Walmart is luring customers with attractive Black Friday deals. The retail giant said it will host two early shopping events in November. Walmart's 'Black Friday' event starts online at 10 p.m. EST on Wednesday, November 27. The company's in-store event will begin at 6 p.m. local time on Thanksgiving Day, Thursday, November 28. Starting today, Walmart's 'Buy Now' deals are available to customers. Coffee giant Starbucks Corp. unveiled its sixth and the world's largest Starbucks Reserve Roastery on Chicago's Magnificent Mile, featuring Starbucks Reserve specialty coffee menu, boutique Milanese Princi bakery, and Arriviamo Bar for coffee cocktails. It will throw open the iconic five-storey glass-clad building in 35,000 square feet space, employing about 200 people, to the public on Friday.
RELATED NEWS
Follow RTT
>