The luxury goods maker said it would ask shareholders at its annual general meeting on Sept. 9 to authorise the creation of new shares which can be exchanged for the warrants after three years.
“Amid the unprecedented effects of the COVID-19 pandemic and the uncertainty surrounding broader economic conditions, the board of directors has decided that it is appropriate to retain an extra liquidity buffer,” chairman Johann Rupert said. “Due to the prevailing uncertainty, we have decided to set the maturity of the warrants at three years, to capture the potential future upside in the market price of Richemont shares, once all the challenges of the COVID-19 pandemic will have hopefully been overcome.”The company said last month it had seen “unprecedented levels of disruption” from the pandemic with its sales almost halving in the three months to June 30.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TIISETSO MOTSOENENG: Shoprite’s Nigeria exit an embarrassing admission of defeat from CEOYet the share’s gain of almost 8% since the announcement suggests investors welcome the ruthless prioritisation of returns on capital
Source: BDliveSA - 🏆 12. / 63 Read more »
Teladoc and Livongo agree to $18.5bn deal, but investors don’t like the termsShareholders question the motivation for such a significant price tag for Livongo
Source: BDliveSA - 🏆 12. / 63 Read more »
EDITORIAL: Give investors more say on executive payRegulations that call for shareholders to be given a say are far too soft
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Mondi share jumps after resumption of dividend paymentsThe group, which will pay €236m to shareholders, says it remains confident in the resilience of its business
Source: BDliveSA - 🏆 12. / 63 Read more »
Genital matchmaking is the latest cosmetic trend couples are eager to tryDr Lucy Glancey is said to have perfected the latest trend in cosmetic surgery - the 'Perfect Fit' procedure. IOL_Lifestyle lockdown https://t.me/DatingFlirting - Flirting in your city - https://bit.ly/34RxuK7 http://analingus.xyz - breast http://cum-xxx.xyz - heterosexual http://nymphomania.xyz - sexpert http://bondages.xyz - escort http://pissing.xyz - twink http://didlo.xyz - analingus http://vulvas.xyz - bisex http://boobed.xyz - gang bang http://erot.xyz - handjob http://bisexs.xyz - fucking http://strip-club.xyz - ass http://bottomxxx.xyz - tranny http://tited.xyz - heterosexual http://fistxxx.xyz - breast http://xxxbukake.xyz - pornstar http://vaginals.xyz - vagina http://xxxcum.xyz - didlo http://hentai-x.xyz - virgin http://dixckxx.xyz - breast http://vulvas.xyz - clit
Source: IOL - 🏆 46. / 51 Read more »