The shares of Reinet Investments S.C.A. were admitted to trading on the Luxembourg Stock Exchange on 21 October 2008. This listing was carried out in accordance with a previously published schedule.
Reinet Investments S.C.A. was created from the restructuring of Compagnie Financière Richemont S.A., a leading luxury goods business, as a separate investment vehicle. It has a strategy aimed at long term capital growth and may make investments in any area except luxury goods.
The Luxembourg Stock Exchange welcomes the admission to trading of Reinet Investments S.C.A., which is one of its most significant listings for 2008 and is a notable success in the difficult context of the current capital markets, including share markets. A record volume of buy and sell orders were executed on the NSC® trading platform operated by the Luxembourg Stock Exchange. Nearly 14 million shares with a value of EUR 178.83 million were traded during the stock market session that began at 12 pm (CET) after a pre-opening phase.
This first stock market session was carried out with the new tools for trading and settlement of transactions that were put into place by the Luxembourg Stock Exchange in recent months. The Luxembourg Stock Exchange is pleased that its recent investments in terms of trading infrastructure were able to benefit shareholders of Compagnie Financière Richemont S.A. and Reinet Investments S.C.A., as well as other market participants.
Reinet Investments S.C.A. is listed on the regulated market of the Luxembourg Stock Exchange under the symbol “ReinetInvest” and with an International Securities Identifying Number (ISIN) of LU0383812293.
