Hermès // CSR Extract 2023
7
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL INFORMATIONS ON SHARE CAPITAL AND SHAREHOLDERS AFR
7.2.2.7 7.2.2.7.1 CROSSING OF THRESHOLDS Crossing of thresholds occurring after the closure of the 2023 financial year No crossing of a legal threshold was declared between the closure of the 2023 financial year and 29 February 2024. Crossing of thresholds in financial year 2023 No crossing of a legal threshold was declared in 2023. Reminder of crossing of thresholds in the previous two financial years Crossing of thresholds in financial year 2022 No crossing of a legal threshold was declared in 2022. 7.2.2.7.2 7.2.2.7.3
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 28 July 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 21 July 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
Shares
% share capital
Voting rights
% 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 share
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.
7.2.2.8 EMPLOYEE OWNERSHIP OF THE SHARE CAPITAL
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 conditions, with vesting periods of four years. As at 31 December 2023, employee shareholding, based on plans already allocated and/or vested, involved a significant proportion of the Group’s workforce, as seen in the 1,151,443 Hermès International shares held as a result of free share allocation plans and previously stock option plans, representing 1.09% of the Group's share capital. 18,000 employees in more than 35 countries (i.e. 80% of the Group’s workforce) hold shares or rights in the process of vesting under the latest plans.
True to its family tradition, the House involves all its employees around the world in the Group’s sustainable and responsible growth over the medium and long term. Thus, Hermès once again stood out in 2023 with a collective free share allocation plan. This is a unique system on the market, whether in France or abroad, due to its scope and generosity, renewed several times since the Group’s first plan in 2007, in 2010, 2012, 2016, 2019 and 2023. In accordance with the authorisation granted by the General Meeting of 20 April 2023 in the 28 resolution, on 15 June 2023, the Executive Management set up two new free share allocation plans for all eligible employees of the Group. These employee shareholding plans comply with the provisions of the French Commercial Code and relate to the Group’s existing shares, bought back in compliance with the regulatory framework for this purpose. The allocations are subject to presence conditions and, where applicable, performance th
Duly registered shares are not encumbered by any material pledges.
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL 509 EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL 8
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