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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
257
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL
7
INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS
7.2.2.8
Crossing of thresholds
Crossings of thresholds occurring after the closure of the 2016
financial year
No crossing of a legal threshold was declared between the closure of the
2016 financial year, and 28 February 2017.
Crossing of thresholds in FY 2016
No crossing of a legal threshold was declared in 2016.
Crossing of thresholds during the past two financial years
Crossing of thresholds in FY 2015
In 2015, the following crossing of a legal threshold was declared:
s
AMF notice no. 215C0070.
On 6 January 2015, the Arnault family
group declared that it crossed below the threshold of 10%of the capi-
tal of Hermès International and held, directly and indirectly, through
the intermediary of companies that it controls, 10,444,636 shares
in Hermès International representing as many voting rights, namely
9.89% of the capital and 6.88% of the voting rights, distributed as
follows:
Number
of shares
% share
capital
Voting rights
% voting
rights
Semyrhamis
8,771,914 8.31 8,771,914 5.78
LVMH
1,197,451 1.13 1,197,451 0.79
Christian Dior
333,080 0.32 333,080 0.22
Famille Arnault
142,191 0.13 142,191 0.09
TOTAL ARNAULT
FAMILY GROUP
10,444,636 9.89 10,444,636 6.88
This downward crossing of the threshold results from the exceptional
distributions of Hermès International shares for the benefit of the
shareholders in the companies LVMHMoët Hennessy - Louis Vuitton
(exceptional distribution in kind) and Christian Dior (exceptional dis-
tribution in kind and interimdividend in kind), as the distribution tran-
sactions were implemented.
It should be noted that, in accordance with the statements in the
aforementioned notice to the AMF, the 1,197,451 shares in Hermès
International held by LVMH Moët Hennessy - Louis Vuitton and the
330,080 shares in Hermès International held by Christian Dior cor-
respond to a balance of shares pursuant to exceptional transactions
for the distribution of shares in kind not yet delivered or intended to
be disposed of.
By letter dated 2 April 2015, the Arnault family group declared that
it held, as at 31 March 2015, 8,972,665 shares representing 8.5%
of the capital and 5.95% of the voting rights. This drop results from
the sale by LVMH Moët Hennessy - Louis Vuitton, controlled by the
Arnault family group, of fractional amounts of Hermès International
shares pursuant to the exceptional distribution in kind that wasmade
on 17 December 2014.
Crossing of thresholds in FY 2014
In 2014, the following crossings of a legal threshold were declared:
s
AMFnoticeno. 214C2722.
On18December 2014, theArnault family
group declared that it had crossed below the thresholds of 20% of
the share capital and15%of the voting rights of Hermès International
and, on 22 December 2014, the thresholds of 15% of the share
capital and 10% of the voting rights of this Company and that it held,
at this latter date, directly and indirectly, through the intermediary
of the companies that it controlled, 13,938,737 shares in Hermès
International representing as many voting rights, namely 13.20% of
the share capital and 9.18% of the voting rights, divided as follows:
Number
of shares
% share
capital
Voting rights
% voting
rights
Semyrhamis
8,771,914 8.31 8,771,914 5.78
LVMH
4,018,561 3.81 4,018,561 2.65
Christian Dior
1,006,071 0.95 1,006,071 0.66
Famille Arnault
142,191 0.13 142,191 0.09
TOTAL ARNAULT
FAMILY GROUP
13,938,737 13.20 13,938,737 9.18
These crossings of the thresholds result (i) fromthe exceptional distri-
bution in kind of Hermès International shares by the company LVMH
Moët Hennessy - Louis Vuitton, (ii) the payment of an interimdividend
in kind in the form of Hermès International shares by Financière Jean
Goujon, and (iii) from the exceptional distribution in kind of shares
of Hermès International and the payment of an interim dividend in
kind in the form of Hermès International shares by Christian Dior,
successively carried out by these companies for the benefit of their
respective shareholders.
At the time of these transactions:
•
LVMHMoëtHennessy-LouisVuittondeclaredthatitcrossedbelow
(i) on17December 2014, the thresholds of 20%of the share capi-
tal, 15% of the share capital and voting rights and 10% of the
voting rights of Hermès International, (ii) on 18 December 2014,
the threshold of 10% of the share capital of Hermès International,
(iii) on 19 December 2014, the threshold of 5% of the voting
rights of Hermès International and (iv) on 22 December 2014, the
threshold of 5% of the share capital of Hermès International, fol-
lowing the exceptional distribution in kind of Hermès International
shares for the benefit of its shareholders;
•
Financière Jean Goujon declared that it crossed above, on
17 December 2014, following an exceptional distribution of
Hermès International shares performed by LVMHMoët Hennessy
- Louis Vuitton for the benefit of its shareholders, the thresholds of
5% of the share capital and voting rights of Hermès International,
then crossed below, on the same day, following a distribution of
Hermès International shares in the form of an interim dividend
in kind by Financière Jean Goujon for the benefit of its single
shareholder, the same thresholds and no longer held any share
in this company;