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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
259
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL
7
INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS
From 01/01/2016
to 31/05/2016
From 01/06/2016
to 31/12/2016
Total
Excluding the liquidity contract
Number of shares booked in the name of the Company as at 31 December 2015
1,167,353
1,167,353
Number of shares purchased
18,692
300,929
319,621
Reason for acquisitions
External growth
Employee
shareholding
Average price of purchases
€323.14
€344.18
€342.94
Number of shares sold
416,380
100
416,480
Average price of sales
€223.08
€240.84
€223.09
Amount of net expenses excluding taxes
Number of shares cancelled
Average price of cancelled shares
Number of shares booked in the name of the Company as at 31 December 2016
769,665
300,829
1,070,494
Appropriation
s
Employee shareholding
691,292
300,829
992,121
s
External growth
78,373
78,373
Net value evaluated during the purchase
€180,642,866 €103,548,175 €284,191,041
Net value evaluated during closure
€300,169,350 €117,323,310 €417,492,660
Par value
€392,529
€153,423
€545,952
Fraction of the share capital that they represent
0.73%
0.28%
1.01%
In the context of the liquidity contract
Number of shares booked in the name of the Company as at 31 December 2015
13,418
13,418
Resources implemented (liquidity account)
€5,000,000
€5,000,000
€5,000,000
Number of shares purchased
121,102
162,970
284,072
Average price of purchases
€311.51
€368.07
€343.96
Number of shares sold
120,186
168,138
288,324
Average price of sales
€312.13
€367.06
€344.16
Number of shares booked in the name of the Company as at 31 December 2016
14,334
-5,168
9,166
Net value evaluated during the purchase
€4,572,564 -€1,010,288
€3,562,276
Net value evaluated during closure
€5,590,260 €-2,015,520
€3,574,740
Par value
€7,310
€-2,636
€4,675
Fraction of the share capital that they represent
0.01%
0.00%
0.01%
Description of the new share buyback programme submitted
for the approval of the Combined General Meeting
of 6 June 2017
Pursuant to Articles 241-2 and 241-3 of the General Regulation of the
AMF, the Company hereinafter presents the share buyback programme
to be submitted for the approval of the Ordinary and Extraordinary
General Meeting of 6 June 2017. This programme will supersede that
authorised by the Combined General Meeting of 31 May 2016.
Number of shares and percentage of share capital held by Hermès
International
Between 1 January and 28 February 2017, the Company purchased
36,086 shares and sold 36,029 shares within the framework of the
liquidity contract.
As of 28 February 2017, the share capital of the Company consisted of
105,569,412 shares, of which 1,090,187 treasury shares (number of
shares as of the date of the operation) held by Hermès International,
representing 1.03% of the share capital.
Objectives of the new share buyback programme
The shares may be repurchased to be allocated to the objectives per-
mitted by regulation (EU) no. 596/2014 of 16 April 2014 on market
abuse (MAR):
s
objectives provided for in Article 5 of MAR: reduction of capital, cove-
rage of debt securities exchangeable for shares and coverage of
employee shareholding plans;
s
objectives provided for in Article 13 of MAR and under the market
practice accepted by the AMF: the implementation of a liquidity
contract by an investment service provider acting independently;
s
other objectives: acquisitions, coverage of capital securities exchan-
geable for shares and more generally to complete any transactions
in accordance with the regulations in force.