Hermès // 2021 Universal Registration Document

7

INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS

INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS

7.2 AFR

INFORMATION ON SHARE CAPITAL

7.2.1

SHARE CAPITAL

7.2.1.1

Amount

Number

Par value

As at 01/01/2021 As at 31/12/2021

€53,840,400.12 €53,840,400.12 €53,840,400.12

105,569,412 105,569,412 105,569,412

€0.51 €0.51 €0.51

On the day of the General Meeting

The shares are fully paid-up.

VOTING RIGHTS

CHANGES IN SHARE CAPITAL OVER THE LAST

7.2.1.2

7.2.1.3

THREE FINANCIAL YEARS

By the 15 th day of each month at the latest, the Company issues a report on the total number of voting rights and shares that makes up the share capital on the last day of the previous month and publishes it on https://finance.hermes.com/en/regulated-information. As at 28 February 2022, the total number of voting rights (including shares deprived of voting rights) was 179,387,343. Each share gives the holder the right to at least one vote in the Shareholders’ General Meetings, except for treasury shares held by the Company, which have no voting rights. Ownership of certain shares is split between a usufructuary and a bare owner. In accordance with the Articles of Association, voting rights attached to shares are exercised by the bare owners at all General Meetings (ordinary, extraordinary or special meetings), save for decisions regarding the allocation of net income, in which case the usufructuary exercises the voting rights. Furthermore, double voting rights are allocated to: any fully-paid up registered share that has been duly recorded on the s books in the name of the same shareholder for a period of at least four years from the date of the first General Meeting following the fourth anniversary of the date when the share was registered on the books; and any registered share allotted for no consideration to a shareholder, in s the event of a capital increase effected by capitalisation of sums in the share premiums, reserves or retained earnings accounts, in proportion to any existing shares that carry double voting rights. Double voting rights cease automatically under the conditions specified by the law and notably for any share that was the subject of a conversion to bearer or a transfer, excluding any “registered to registered” transfer following succession, liquidation of community of property between spouses or family donation. Failure to disclose attainment of certain ownership thresholds as provided by law or by the Articles of Association may disqualify the shares for voting purposes (see Article 11 of the Articles of Association, in chapter 7 “Information on the Company and its share capital”, § 7.1.2).

No change in capital occurred over the last three financial years.

DELEGATIONS OF POWERS BY THE GENERAL

7.2.1.4

MEETING

Authorisations and delegations for capital increases currently in force, granted by the General Meeting to the Executive Management, are summarised in chapter 3 “Corporate governance”, § 3.9.4. These delegations were not used during the 2021 financial year, and have not been used at the date of filing of this universal registration document. Authorisations granted to the Executive Management by the 18th and 19 th resolutions of the General Meeting of 24 April 2020 to grant stock options and the allocation of existing free ordinary shares, respectively, have not been used since they were granted (see chapter 3 “Corporate governance”, § 3.8.4.10). It is proposed that the General Meeting of 20 April 2022 renew these two authorisations (see chapter 8 “Combined General Meeting of 20 April 2022”, § 8.2.2 – Explanatory statements in the 18 th and 19 th resolutions).

INFORMATION ON SHAREHOLDERS

7.2.2

NUMBER OF SHAREHOLDERS

7.2.2.1

Until the end of 2021, the Company used the so-called “identifiable bearer shares” procedure (TPI) of Euroclear France to ascertain its shareholder structure. This procedure, introduced into French law in 1987, enabled issuing companies to ask the central custodian about the holders of securities and thus ascertain the identity and number of securities held in the form of “bearer” securities at financial intermediaries.

450 2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL