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2016 REGISTRATION DOCUMENT
HERMÈS INTERNATIONAL
310
COMBINED GENERAL MEETING OF 6 JUNE 2017
8
STATUTORY AUDITORS’ REPORTS
8.4.4
STATUTORY AUDITORS’ REPORT ON THE REPORT PREPARED BY THE CHAIRMAN
OF THE SUPERVISORY BOARD
The report appears on page 137.
8.4.5
REPORT FROM ONE OF THE STATUTORY AUDITORS, DESIGNATED AS THE INDEPENDENT
THIRD PARTY ORGANISATION, ON THE CONSOLIDATED SOCIAL, ENVIRONMENTAL
AND SOCIETAL INFORMATION CONTAINED IN THE MANAGEMENT REPORT
The report appears on page 85.
8.4.6
STATUTORY AUDITORS’ REPORT ON THE CAPITAL DECREASE BY CANCELLATION
OF TREASURY SHARES (SEVENTEENTH RESOLUTION)
This is a free translation into English of the Statutory auditors’ report issued in the French language and is provided solely for the convenience
of English-speaking readers. This report should be read in conjunction with, and construed in accordance with, French law and professional
auditing standards applicable in France.
Combined General Meeting of 6 June 2017
To the shareholders,
In our capacity as Statutory Auditors of your Company, and in accordance with the requirements of Article L. 225-209 of the French Commercial Code
(
Code de commerce
) concerning share capital decreases by cancellation of repurchased shares, we hereby report to you on our assessment of the
reasons for and the terms and conditions of the proposed share capital decrease.
The Company’s Executive Management proposes that you confer upon it, for a period of 24 months as of the date of this General Meeting, all neces-
sary powers to cancel, on one or more occasions and up to a maximum of 10% of the Company’s share capital per period of 24 months, some or
all of the shares held or purchased under the authorisation for your Company to buy back its own shares as provided pursuant to the terms of the
aforementioned article.
WeperformedtheproceduresthatwedeemednecessaryinaccordancewithprofessionalpracticeaspertheFrenchnationalauditingbody,Compagnie
nationale des commissaires aux comptes, relating to such engagements. These procedures involve examining the fairness of the reasons for and the
terms and conditions of the proposed share capital decrease, which is not considered to infringe upon the principle of equal treatment of shareholders.
We have no comments on the reasons for or the terms shareholdersand conditions of the proposed share capital decrease.
Neuilly-sur-Seine and Paris, 11 April 2017
The Statutory Auditors
PricewaterhouseCoopers Audit
Didier Kling & Associés
Christine Bouvry
Christophe Bonte
Didier Kling