Hermès // 2022 UNIVERSAL REGISTRATION DOCUMENT

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COMBINED GENERAL MEETING OF20APRIL 2023 EXPLANATORY STATEMENTS AND DRAFT RESOLUTIONS

The Executive Management will thus have the right to proceed in all circumstances, both in France and abroad, with the issue of ordinary shares of the Company as well as: securities governed by Articles L.228‑91 et seq. of the French Commercial Code ( Code de commerce ), which are equity securities of the Company giving access, immediately and/or in the future, to other equity securities of the Company and/or granting entitlement to the allocation of debt securities of the Company; and/or s securities representing a debt obligation, whether or not governed by Articles L.228‑91 et seq. of the French Commercial Code ( Code de commerce ), giving access to or likely to give access to equity securities to be issued by the Company, where these securities may, where applicable, also give access to existing equity securities and/or debt securities of the Company, up to the limits defined below. The issuance of securities that are debt securities giving entitlement to the allocation of other debt securities or existing equity securities may be decided by the Executive Management under the conditions provided for by Article L.228‑40 of the French Commercial Code ( Code de commerce ) if it concerns an issue of bonds or participating securities, without authorisation from the General Meeting. These issues may include either the maintenance of the shareholders' preemptive subscription rights (twenty‑first resolution) or their cancellation (twenty‑second resolution). You are requested to cancel pre‑emptive subscription rights in order to accelerate the issue placement process and increase their chances of success. However, we inform you that, in all cases of issues without preemptive subscription rights: s the Executive Management may grant shareholders the option to subscribe for the securities by priority; s the amount due or that would be due to the Company for each of the shares that will be issued, after taking into account, in the event of the issue of stand‑alone share subscription warrants, the issue price of said warrants, must be at least equal to the weighted average of the prices of the last three trading sessions on the regulated market of Euronext Paris preceding the setting of the subscription price of the capital increase, possibly reduced by a maximum discount of 10% in accordance with the regulations in force. s You are also asked to renew the usual delegation allowing the Company to increase the share capital by incorporation of reserves (twentieth resolution) within the limit of the ceilings defined above. In accordance with Article L.233‑32 of the French Commercial Code ( Code de commerce ), these delegations of authority may be implemented during a public offering on the shares of the Company. The Statutory Auditors’ report on the twenty‑first and twenty‑second resolutions is presented in the 2022 universal registration document (chapter 8 “Combined General Meeting of 20April 2023”, §8.4.6). Capital increase in favour of members of a company savings plan with preemptive subscription rights cancelled In the twenty‑third resolution, we ask you to delegate to the Executive Management all powers to carry out, under the supervision of the Supervisory Board of the Company and the Executive Management Board of Émile Hermès SAS, Active Partner, a capital increase reserved for employees and Corporate Officers under the conditions set out in Article L.225‑129‑6 of the French Commercial Code ( Code de commerce ), provided that these employees are members of a company or group savings plan, up to the limits set out above. The maximum discount authorized by applicable laws will be applied to the subscription price. In accordance with Article L.233‑32 of the French Commercial Code ( Code de commerce ), this delegation of authority may be implemented during a public offering on the shares of the Company. The Statutory Auditors’ report on the twenty‑third resolution is presented in the 2022 universal registration document (chapter 8 “Combined General Meeting of 20April 2023”, §8.4.6). Issues of securities (by private placement or to compensate contributions in kind) In the twenty‑fourth resolution, you are asked to delegate to the Executive Management, under the conditions provided for by the provisions of Article L.22‑10‑52 of the French Commercial Code ( Code de commerce ) and Article L.411‑2 of the French Monetary and Financial Code and under the control of the Supervisory Board of the Company and the Executive Management Board of Émile Hermès SAS, Active Partner, the authority to decide on the issue of shares and/or any other securities giving rise access to the share capital, with shareholders' preemptive subscription rights cancelled, through a private placement reserved for qualified investors or a limited circle of investors, as defined by Article L.411‑1.1° of the French Monetary and Financial Code, within the limits of the ceilings defined above. This resolution would allow the Company to benefit from all opportunities to potentially include an investor, an economic, commercial or financial partner, deemed a qualified investor, in the Company’s share capital. The issue price would be at least equal to the weighted average price of the last three trading days preceding the issue, less a maximum discount of 10%. The Statutory Auditors’ report on the twenty‑fourth resolution is presented in the 2022 universal registration document (chapter 8 “Combined General Meeting of 20April 2023”, §8.4.6). In the twenty‑fifth resolution, we ask you to delegate to the Executive Management, under the conditions provided for by the provisions of Article L. 225‑129 et seq. , and Article L.22‑10‑53 of the French Commercial Code, and under the control of the Company’s Supervisory Board and the Executive Management Board of Émile Hermès SAS, Active Partner, the authority to decide on the issue of shares and/or securities giving access to the share capital, with preemptive subscription rights cancelled, in order to remunerate contributions in kind granted to the Company, within the limit of the ceilings defined above.

2022 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL

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