Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS
7.2.2.10 SHARE BUYBACK PROGRAMMES 7.2.2.10.1 Use in 2022 of authorisations to buy back shares granted by the General Meeting The Combined General Meetings of 4May 2021 and 20April 2022, approved share buyback programmes authorising the Executive Management, on the basis of Articles L.22‑10‑62 et seq. of the French Commercial Code ( Code de Commerce ), to purchase, on the market or off‑market, a number of shares representing up to 10% of the Company’s share capital on the date of the repurchase, in order to allocate them to the objectives authorised by European regulations or to one or more market practices accepted by the French Financial Markets Authority (AMF) to date or in the future, and more generally, to allocate them to the completion of any transactions in accordance with the regulations in force.
The Combined General Meetings of 4May 2021 and 20April 2022 authorised the Executive Management to reduce the share capital by cancellation of repurchased shares, within the limit of 10% of the share capital per period of 24 months. The characteristics of the delegations granted to the Executive Management are detailed in chapter 3 “Corporate governance”, §3.9.4. During the financial year ended 31December 2022, the Executive Management carried out the transactions shown in the table below, in the context of share buyback programmes authorising the Executive Management to buy and sell its own shares under Article L.22‑10‑62 of the French Commercial Code ( Code de commerce ).
From 01/01/2022 to 20/04/2022
From 21/04/2022 to 31/12/2022
Total
EXCLUDING THE LIQUIDITY CONTRACT Number of shares booked in the name of the Company as at 31December 2021
925,153 104,269
925,153
-
52,379
Number of shares purchased
51,890
Employee shareholding
Employee shareholding
Reason for acquisitions
€1,053.12
€1,113.06
Average price of purchases Number of shares sold Average price of sales
€1,173.56
1
144
120
264
2
€189.93
€189.93
€189.93
Amount of net expenses excluding taxes Number of shares cancelled Average price of cancelled shares Number of shares booked in the name of the Company as at 31December 2022
976,899
52,259
1,029,158
Allocation
Employee shareholding s External growth s
898,526
52,259
950,785
78,373
-
78,373
€612,359,035
€55,138,634 €667,497,670 €75,514,255 €1,487,133,310
Net value assessed at cost
€1,411,619,055
Net value assessed at the closing rate
€498,218
€26,652
€524,871
Par value
0.93%
0.05%
0.98%
Fraction of the share capital that they represent
IN THE CONTEXT OF THE LIQUIDITY CONTRACT Number of shares booked in the name of the Company as at 31December 2021
7
-
-
-
€5,000,000
€5,000,000
€5,000,000
Resources implemented (liquidity account)
27,317
208,376
235,693
Number of shares purchased Average price of purchases Number of shares sold Average price of sales
€1,163.21
€1,242.62
€1,233.41
26,517
204,709
231,226
€1,176.05
€1,247.37
€1,239.19
800
3,667
4,467
Number of shares booked in the name of the Company as at 31December 2022
€908,638
€5,608,614 €5,298,815
€6,516,651 €6,454,815
Net value assessed at cost
€1,156,000
Net value assessed at the closing rate
€408
€1,870
€2,278
Par value
0.00%
0.00%
0.00%
Fraction of the share capital that they represent
(1) Number of shares issued to employees under share and stock option allocation plans. (2) Average purchase price of shares issued to employees.
2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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