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Market Closed -
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5-day change | 1st Jan Change | ||
| 131.8 CHF | +2.85% |
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+1.50% | +13.87% |
| Apr. 25 | Hermes Posts Sales Growth Across All Markets -- 2nd Update | DJ |
| Apr. 22 | RICHEMONT : Gets a Buy rating from Goldman Sachs | ZD |
ZURICH (Reuters) - Owners of Swiss luxury group Richemont have approved plans to issue warrants as part of a shareholder loyalty scheme, the company said on Wednesday, setting out terms for the issue that follows a COVID-19 related cut to the dividend.
Warrants will be distributed to shareholders on Nov. 27, when the "A" warrants related to A shares will be listed on SIXSwiss Exchange. Sixty-seven warrants can be exercised to buy oneA share in three years for 67.00 Swiss francs, thevolume-weighted average price between Oct. 19 and Nov. 13.
Richemont had proposed the scheme to preserve cash during the COVID-19 pandemic after halving its dividend to 1 Swiss franc per share.
(Reporting by Michael Shields)
| 1st Jan change | Capi. | |
|---|---|---|
| +13.87% | 85.62B | |
| -3.82% | 37.64B | |
| -5.16% | 14.09B | |
| +19.96% | 13.12B | |
| +11.93% | 4.21B | |
| +13.27% | 2.6B | |
| +5.20% | 2.4B | |
| +0.34% | 1.61B | |
| -17.67% | 1.34B | |
| -15.54% | 1.1B |
COMPAGNIE FINANCIERE RICHEMONT 
