Hermès // CSR Extract 2023
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL INFORMATIONS ON SHARE CAPITAL AND SHAREHOLDERS AFR
7.2.2.10 7.2.2.10.1
SHARE BUYBACK PROGRAMMES Use in 2023 of authorisations to buy back shares granted by the General Meeting
The Combined General Meetings of 20 April 2022 and 20 April 2023 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 31 December 2023, 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 ).
The Combined General Meetings of 20 April 2022 and 20 April 2023, 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.
From 01/01/2023 to 20/04/2023
From 21/04/2023 to 31/12/2023
Total
EXCLUDING THE LIQUIDITY CONTRACT Number of shares booked in the name of the Company as at 31 December 2022
1,029,158
-
1,029,158
Number of shares purchased
-
74,954
74,954
Employee shareholding
Employee shareholding
Reason for acquisitions
Average price of purchases
€1,765.14
€1,765.14
1
Number of shares sold
222
267,195
267,417
2
Average price of sales
€114.15
€399.37
€399.13
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 31 December 2023
1,028,936
(192,241)
836,695
Allocation:
Employee shareholding s External growth s
950,563
(192,241)
758,322
78,373
-
78,373
Net value assessed at cost
€667,472,329
€25,594,104 €693,066,433
Net value assessed at the closing rate
€1,974,322,397 €(368,872,031)
€1,605,450,366
Par value
€524,757
€(98,043)
€426,714
Fraction of the share capital that they represent
0.97%
- 0.18%
0.79%
IN THE CONTEXT OF THE LIQUIDITY CONTRACT Number of shares booked in the name of the Company as at 31 December 2022
7
4,467
-
4,467
Resources implemented (liquidity account)
€5,000,000
€5,000,000
€5,000,000
Number of shares purchased
53,290
145,844
199,134
Average price of purchases
€1,704.62
€1,883.74
€1,835.80
Number of shares sold
57,582
143,599
201,181
Average price of sales
€1,702.38
€1,886.15
€1,833,55
Number of shares booked in the name of the Company as at 31 December 2023
175
2,245
2,420
Net value assessed at cost
€299,086
€4,395,623
€4,694,709
Net value assessed at the closing rate
€335,790
€4,395,623
€4,643,496
Par value
€89
€1,145
€1,234
Fraction of the share capital that they represent
0,00%
0,00%
0,00%
Number of shares issued to employees under share and stock option allocation plans. (1) Average purchase price of shares issued to employees. (2)
2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL EXTRACT FROM 2023 UNIVERSAL REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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