HERMÈS - 2018 Registration document

Information on the Company and its share capital

Information on share capital and shareholders

SHAREHOLDERS’ PACTS AND AGREEMENTS

the prices weighted by volumes (on the entire trading platform) of the Hermès International share during the 30 stock market trading days preceding the day of notification of the transfer, unless the said share is insufficiently liquid (as defined in the amendment), in which case an expert appraisal procedure will be implemented. To the Company’s knowledge: s s theorganisationof theHermès family grouphas not been significantly modified since the incorporation of the company H51; s s the priority acquisition right that H51 benefits fromcoversmost of the Hermès International shares also heldby themembers of theHermès family group (i.e. at 31 December 2018, 12.5% of the capital held by H2 and other members of the Hermès family group, see page 342); s s the priority acquisition right was granted by members of the Hermès family group and descendants of these members who do not yet directly or indirectly hold shares in the Company.

7.2.5

7.2.5.1 Priority acquisition right A priority right to acquire Hermès International shares (AMF notice 211C2288) came into force on 13 December 2011. This priority acqui- sition right is stipulated for the benefit of H51, a simplified joint stock company with variable capital, and was initially granted by 102 natural personsand33 legalentities(allmembers,heldbymembersorforwhom oneof theparents is amember of theHermès family group), representing a total of about 12.3% of the share capital of Hermès International. By amendment (AMF notice 213C0716) which came into force on 17 June 2013, the price at which H51 could acquire the Hermès International shares from the members of the Hermès family group pur- suant to this priority acquisition right would be equal to the average of

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2018 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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