Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
7
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS
Crossing of thresholds in financial year 2020 No crossing of a legal threshold was declared in 2020.
7.2.2.7 CROSSING OF THRESHOLDS 7.2.2.7.1 Crossing of thresholds occurring after the closure of the 2022 financial year No crossing of a legal threshold was declared between the closure of the 2022 financial year and 28February 2023. 7.2.2.7.2 Crossing of thresholds in financial year 2022 No crossing of a legal threshold was declared in 2022. 7.2.2.7.3 Reminder of crossings from the previous two finan cial years Crossing of thresholds in financial year 2021 No crossing of a legal threshold was declared in 2021.
7.2.2.7.4 Crossing of previous thresholds for shareholders holding more than 5% of the share capital or voting rights AMF Notice no. 217C1755 of 28July 2017 (the full text of which is available on the AMF website – www.amf‑france.org) : the Hermès family group declared that it had crossed upwards, on 21July 2017, the threshold of two‑thirds of Hermès International’s share capital and held 70,385,066 shares representing 130,403,428 voting rights at General Meetings in respect of decisions concerning the allocation of net income and 134,256,835 voting rights for other decisions, i.e. , 66.67% of the share capital and respectively 74.92% and 77.13% of the voting rights of this company, broken down as follows:
Decisions concerning allocation of net income
Other decisions % voting rights
Shares
% share capital
Voting rights
% voting rights
Voting rights
H51
56,209,021
53.24 109,244,318
62.76 109,244,318
62.76
H2
6,876,102
6.51 13,072,204
7.51 13,072,204
7.51
Other members
6,292,154
5.96
8,086,906
4.65 11,940,313
6.86
Treasury shares
1,007,789
0.95
-
-
-
-
TOTAL HERMÈS FAMILY GROUP
70,385,066
66.67 130,403,428
74.92 134,256,835
77.13
This crossing is the result of an acquisition of Hermès International shares on the market by the company H51.
EMPLOYEE OWNERSHIP OF THE SHARE CAPITAL
7.2.2.8
7.2.2.9 No shares in the Company are held by the employees of the Company and affiliated companies under the savings plan and the company mutual fund of the Company. PLEDGE OF SHARES As at 31December 2022, employee shareholding, based on plans already allocated and/or vested, involved a significant part of the Group’s workforce, accounting for the holding of 1,032,707 Hermès International shares, representing 0.98% of the share capital. Taking into account rights under the last 2019 plans, employee shareholding involved approximately 11,000 Group employees (rights vesting at end‑2022).
Maison Hermès, faithful to its family tradition, involves all of its employees throughout the world with in the Group’s growth, through employee shareholding mechanisms, which form part of the Group’s long‑term compensation policy and which help to motivate and retain its employees for the future. Thus, the Hermès Group has offered free share plans five times to its employees, in France and internationally; these were granted in 2007, 2010, 2012, 2016 and 2019 (see chapter 3 “Corporate governance”, §3.8.3). The latest plans have been implemented by the Executive Management in accordance with the authorisation granted by the General Meeting of 4June 2019 in its 15th resolution. Thus, on 1July 2019, the Executive Management decided to implement two new free share allocation plans for all employees of the Group subject to eligibility, notably in terms of seniority, subject to the mechanisms applicable to existing free share plans, in particular concerning the reference and retention periods. These allocations are subject to presence conditions and, where applicable, performance conditions, with vesting periods of four to five years.
Duly registered shares are not encumbered by any material pledges.
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
492
Made with FlippingBook - professional solution for displaying marketing and sales documents online