HERMÈS - 2020 Universal registration document
COMBINED GENERAL MEETING OF 4 MAY 2021 STATUTORY AUDITORS’ REPORTS
REPORT BY ONE OF THE STATUTORY AUDITORS, DESIGNATED AS AN INDEPENDENT THIRD PARTY, ON THE CONSOLIDATED SOCIAL, ENVIRONMENTAL AND SOCIETAL INFORMATION CONTAINED IN THE MANAGEMENT REPORT
8.4.4
The report can be found in the 2020 Universal Registration Document (chapter 2 “Corporate social responsibility”, § 2.9).
STATUTORY AUDITORS’ REPORT ON THE SHARE CAPITAL REDUCTION
8.4.5
(SEVENTEENTH RESOLUTION) This is a free translation into English of the Statutory Auditors’ report issued in French and is provided solely for the convenience of English speaking readers. This report includes information specifically required by European regulations or French law. This report should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.
General Meeting of 4 May 2021 - seventeenth resolution
To the General Meeting of Hermès International, In our capacity as Statutory Auditors of your company and pursuant to the mission provided for in Article L. 22-10-62 of the French Commercial Code ( Code de commerce ) in the event of capital reduction by the cancellation of shares purchased, we have prepared this report intended to inform you of our assessment of the reasons for and terms and conditions of the proposed capital reduction. The Executive Management of your company proposes that you delegate to it all necessary powers, for a period of 24 months with effect from the date of this meeting, to cancel, up to a maximum of 10% of the share capital per 24-month period, the shares purchased pursuant to an authorisation of purchases by your company of its own shares in the context of the aforementioned Article. We have carried out the procedures we considered necessary for this task in accordance with the professional standards of the French National Institute of Statutory Auditors ( Compagnie nationale des commissaires aux comptes ) regarding this assignment. Those procedures involved examining whether the reasons for and the terms and conditions of the proposed capital reduction, which is unlikely to undermine the equality of shareholders, are lawful and appropriate. We have no comments on the reasons for or the terms and conditions of the proposed capital reduction.
Neuilly-sur-Seine, 5 March 2021
The Statutory Auditors
PricewaterhouseCoopers Audit
Didier Kling & Associés Member of Grant Thornton
Olivier Auberty
Vincent Frambourt
Guillaume Giné
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2020 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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