HERMÈS - 2020 Universal registration document

COMBINED GENERAL MEETING OF 4 MAY 2021 EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS

This resolution would allow the Company to take advantage of all opportunities to carry out external growth transactions in France or abroad or to buy out non-controlling interests within the Group without impacting the Company’s cash flow, within the limit of 10% of the share capital. The Statutory Auditors’ report on the twenty-third resolution is presented in the 2020 Universal Registration Document, (chapter 8 “Combined General Meeting of 4 May 2021”, § 8.4.6). In view of the volumes of shares granted, which were well below the overall amount authorised by the shareholders at the Extraordinary General Meeting of 24 April 2020, it is not proposed that you renew the financial delegations relating to the allocation of stock options and free shares, In the twenty-fourth resolution, the General Meeting is asked to delegate to the Executive Management its authority to decide on one or more operations for the merger(s) by absorption, spin-off or partial contribution subject to the legal regime for spin-offs, in accordance with the new option granted by law No. 2019-486 of 22 May 2019 on the growth and transformation of companies, known as the “PACTE law”. This resolution is designed, as required by law (Article L. 236-9, II of the French Commercial Code ( Code de commerce )), to give the Executive Management the necessary flexibility to act in the best interests of the Company, under the oversight of the Supervisory Board of the Company and the Executive Management Board of the company Émile Hermès SARL, Active Partner. This delegation of authority would considerably simplify the legal completion of any operations in view of a merger by absorption, spin-off or partial contribution of assets subject to the legal regime for spin-offs, by allowing the Executive Management, at any time, to seize opportunities in the context of external growth, consolidation or internal reorganisation operations and optimise the structure and timing of these operations taking into account the constraints specific to each of them. You are reminded that the Executive Management of the Company already has the authority to decide on a merger by absorption, spin-off or partial contribution of assets subject to the legal regime for spin-offs of a wholly-owned subsidiary. This delegation of authority would extend this authority within the legal limits, allowing the Executive Management to have the greatest flexibility in order to quickly carry out transactions according to the opportunities and needs that may arise. In accordance with legal provisions, the Executive Management will be required to prepare a written report which will be made available to shareholders in the event of the implementation of the delegation of authority. In accordance with the provisions of Article L. 236-9, II of the French Commercial Code ( Code de commerce ), in the twenty-fifth resolution, the General Meeting is asked to delegate to the Executive Management its authority to decide on a share capital increase by the issue of shares in the event of use of the delegation of authority requested by the twenty-fourth resolution. The General Meeting is therefore asked, in the twenty-fifth resolution, to delegate to the Executive Management, when operation(s) in view of a merger by absorption, spin-off or partial contribution of assets subject to the legal regime for spin-offs necessitate a capital increase in accordance with Articles L. 225-129 to L. 225-129-5 and L. 22-10-49 of the French Commercial Code ( Code de commerce ), its authority to decide on a capital increase allowing the allocation of equity securities to the shareholders of the absorbed company or companies. The nominal amount of capital increases that may be carried out may not exceed 40% of the share capital at the date of the meeting. This limit of 40% of the share capital will be deducted from the common limit referred to in paragraph 4 of the nineteenth resolution (issue of securities with maintenance of preemptive subscription rights) submitted to this meeting. The period of validity of the delegations provided for by the eighteenth to twenty-fifth resolutions would be 26 months from the date of the General Meeting. which are valid until 24 June 2023 (within the limit of the overall amount granted). Delegations concerning merger by absorption, spin-off or partial contribution of assets

Eighteenth resolution: Delegation of authority to the Executive Management to increase the share capital by incorporation of reserves, profits and/or premiums and free allocation of shares and/or increase in the par value of existing shares The General Meeting, acting pursuant to Articles L. 225-129, L. 225-129-2 and L. 22-10-50 of the French Commercial Code ( Code de commerce ), under the quorum and majority requirements for Ordinary General Meetings, having reviewed the Executive Management report and the Supervisory Board’s report: delegates to the Executive Management, under the oversight of the 1) Supervisory Board of the Company and the Executive Management Board of the company Émile Hermès SARL, Active Partner, the authority to increase the share capital, on one or more occasions, at

the times and according to the terms and conditions that it will determine, by the successive or simultaneous incorporation into the share capital of all or part of the reserves, profits or issue, merger or contribution premiums, or other items whose capitalisation would be permitted legally and by the Articles of Association, by the creation and allocation of free shares or by increasing the par value of existing shares or by the joint use of these two processes; resolves that in the event of a capital increase giving rise to the 2) allocation of new free shares, such shares that will be allocated on the basis of existing shares with double voting rights will benefit from this right from their issue date; delegates to the Executive Management the power to decide, in the 3) event of a capital increase giving rise to the allocation of new free shares, that fractional rights will not be tradable and that the

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2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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