Hermès // 2021 Universal Registration Document
COMBINED GENERAL MEETING OF 20 APRIL 2022 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 2021 universal registration document (chapter 2 “Corporate social responsibility”, § 2.9).
STATUTORY AUDITORS’ REPORT ON THE SHARE CAPITAL REDUCTION (SEVENTEENTH
8.4.5
RESOLUTION) General Meeting of 20 April 2022 – 17 th 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 should be read in conjunction with, and construed in accordance with, French law and professional auditing standards applicable in France.
To the Shareholders, In our capacity as Statutory Auditors of Hermès International, and in accordance with the provisions of article L.22-10-62 of the French Commercial Code ( Code de commerce ), applicable in the event of a share capital reduction via the cancellation of treasury shares, we hereby report to you on our assessment of the reasons for and the terms and conditions of the proposed share capital reduction. Executive Management is seeking a 24-month authorisation, from the date of this General Meeting, to cancel, for up to a maximum of 10% of the share capital per 24 month-period, the shares bought back by Hermès International pursuant to an authorisation to buy back its own shares in accordance with the provisions of the aforementioned article. We performed the procedures that we deemed necessary in accordance with professional standards applicable in France to such engagements. These procedures consisted in verifying that the reasons for and the terms and conditions of the proposed share capital reduction, which is not considered to affect shareholder equality, comply with the applicable legal provisions. We have no matters to report as regards the reasons for and conditions of the proposed share capital reduction.
Neuilly-sur-Seine, 3 March 2022
The Statutory Auditors
PricewaterhouseCoopers Audit
Grant Thornton Audit
Olivier Auberty
Vincent Frambourt
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2021 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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