Richemont distributes tradable shareholder warrants

Lenz & Staehelin is advising Compagnie Financière Richemont SA (Richemont) on the distribution of tradable shareholder warrants. The warrants will be listed on SIX Swiss Exchange and allow their holders to acquire new Richemont shares in three years, at a price based on the current price of Richemont's "A" shares.

The warrants are part of a loyalty scheme intended to allow shareholders to benefit from a potential upside of the price of Richemont's "A" shares once the challenges of the COVID-19 pandemic have been overcome, by allowing them either to trade the warrant or, subject to the terms and conditions of the warrants, acquire new Richemont "A" shares in three years at a potentially beneficial exercise price.