HERMÈS - 2018 Registration document
Information on the Company and its share capital
Information on share capital and shareholders
Markets Authority (“AMF”) (acquisition practices and the implementa- tion of a liquidity contract with an investment service provider acting independently), and more generally to allot them to carrying out any ope- ration in accordance with the regulations in force. The Combined General Meetings of 6 June 2017 and 5 June 2018 authorised the Executive Management to reduce the share capital by cancellation of repurchased shares, within the limit of 10% of the share capital per period of 24 months.
The characteristics of the delegations granted to the Executive Management are detailed on pages 203 et seq . During the financial year ended 31 December 2018, the Executive Management assigned the transactions shown in the table below, in the context of share buyback programmes authorising the Executive Management to buy and sell its own shares under Article L. 225-209 of the French Commercial Code ( Code de commerce ).
From 01/01/2018 to 05/06/2018
From 06/06/2018 to 31/12/2018
TOTAL
Excluding the liquidity contract Number of shares booked in the name of the Company as at 31 December 2017
1,406,536
1,406,536
Number of shares purchased
80,711
22,526
103,237
Employee shareholding
Employee shareholding
Reason for acquisitions Average price of purchases Number of shares sold
€585.90 201,340 €238.43
€536.84
€575.19 201,560 €238.40
220
Average price of sales
€212.11
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 2018
1,285,907
22,306
1,308,213
Appropriation s s
Employee shareholding
1,207,534
22,306
1,229,840
External growth
78,373
78,373
s s
Net value evaluated during the purchase Net value evaluated during closure
€448,808,736 €12,046,112 €460,854,848 €623,407,714 €10,813,949 €634,221,662
Par value
€655,813
€11,376
€667,189
Fraction of the share capital that they represent
1.22%
0.02%
1.24%
In the context of the liquidity contract Number of shares booked in the name of the Company as at 31 December 2017
9,166
9,166
Resources implemented (liquidity account)
€5,000,000
€5,000,000
€5,000,000
Number of shares purchased Average price of purchases
79,357 €474.47 82,023 €475.17
130,449 €517.69 127,783 €518.43
209,806 €501.34 209,806 €501.52
Number of shares sold Average price of sales
Number of shares booked in the name of the Company as at 31 December 2018
6,500
2,666
9,166
7
Net value evaluated during the purchase Net value evaluated during closure
€3,726,117 €3,151,200
€663,385 €1,292,477
€4,389,502 €4,443,677
Par value
€3,315 0.01%
€1,360 0.00%
€4,675 0.01%
Fraction of the share capital that they represent
Description of the new share buyback programme submitted for the approval of the Combined General Meeting of 4 June 2019 Pursuant to Articles 241-2 and 241-3 of the General Regulation of the AMF, the Company here in after presents the share buyback programme
to be submitted for the approval of the Ordinary and Extraordinary General Meeting of 4 June 2019. This programme will supersede that authorised by the Combined General Meeting of 5 June 2018.
2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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