Compagnie Financiere Richemont SA Announces Dividend Dates for South African Shares

Strategic Insights -

The Johannesburg Stock Exchange has announced dividend dates for Compagnie Financiere Richemont SA ("Richemont" or "the Company" or "the Group"), a Swiss-based holding company listed on the Johannesburg Stock Exchange. The dividend is payable in Rand to holders of Richemont's South African 'A' shares and will be affected via CSD participants in Strate for dematerialized holdings. The dividend recommendation is based on income reserves and is subject to Swiss withholding tax of 35 percent, resulting in a net dividend of CHF 1.95000 per 'A' share.

Key Takeaways:

  • The board of directors of Compagnie Financiere Richemont SA has recommended a dividend of CHF 3.00000 per 'A' share from income reserves.
  • The dividend payable will be subject to Swiss withholding tax of 35 percent, resulting in a net dividend of CHF 1.95000 per 'A' share.
  • South African tax residents are eligible to recover 20 percent of the 35 percent Swiss withholding tax levied on the dividend.
  • A revised binding class ruling has been obtained from the South African Revenue Service (SARS), which allows JSE shareholders who are not exempt from South African dividends tax to be subject to a rate of 5 percent South African tax.
  • JSE shareholders who qualify for exemption from South African tax (e.g., South African companies and non-residents of South Africa) must file relevant exemption forms with their brokers/ banks to ensure no South African tax is withheld.
  • The exchange rate applicable for the conversion of Swiss francs to Rand as at 10 September 2025 will be confirmed in a separate announcement on SENS on that date.
  • The payment dates for the dividends in respect of the JSE shares are the following: Finalisation date - 10 September 2025, last date to trade "cum dividend" - 16 September 2025, trading commences "ex-dividend" - 17 September 2025, JSE share record date - 19 September 2025, JSE share dividend payment date - 29 September 2025.
  • JSE shareholders may not dematerialise or rematerialise their shares between 17 September 2025 and 19 September 2025, inclusive.

Statistics:

  • Dividend pay-out: CHF 3.00000 per 'A' share (subject to 35% Swiss withholding tax) = CHF 1.95000 net per share
  • Swiss withholding tax: 35%
  • Recovery of withholding tax for South African tax residents: 20%
  • South African dividends tax rate: 5% (for non-exempt JSE shareholders)
  • Exchange rate confirmation date: 10 September 2025 (to be announced on SENS)
  • Payment dates:

+ Finalisation date: 10 September 2025

+ Last date to trade "cum dividend": 16 September 2025

+ Trading commences "ex-dividend": 17 September 2025

+ JSE share record date: 19 September 2025

+ JSE share dividend payment date: 29 September 2025

Sources:

  • Johannesburg Stock Exchange company announcement for Compagnie Financiere Richemont SA (no date mentioned)
  • Swiss Market Index (SMI) listing for Richemont A shares
  • South African Revenue Service (SARS) binding class ruling (no date mentioned)