Hermès - Registration Document 2016
INFORMATION ON THE COMPANY AND ITS SHARE CAPITAL
INFORMATION ON SHARE CAPITAL AND SHAREHOLDERS
Crossing of thresholds
Crossing of thresholds in FY 2014 In 2014, the following crossings of a legal threshold were declared: s AMFnoticeno. 214C2722. On18December 2014, theArnault family group declared that it had crossed below the thresholds of 20% of the share capital and15%of the voting rights of Hermès International and, on 22 December 2014, the thresholds of 15% of the share capital and 10% of the voting rights of this Company and that it held, at this latter date, directly and indirectly, through the intermediary of the companies that it controlled, 13,938,737 shares in Hermès International representing as many voting rights, namely 13.20% of the share capital and 9.18% of the voting rights, divided as follows: Number of shares % share capital Voting rights % voting rights
7.2.2.8
Crossings of thresholds occurring after the closure of the 2016 financial year No crossing of a legal threshold was declared between the closure of the 2016 financial year, and 28 February 2017. Crossing of thresholds in FY 2016 No crossing of a legal threshold was declared in 2016. Crossing of thresholds during the past two financial years Crossing of thresholds in FY 2015 In 2015, the following crossing of a legal threshold was declared: s AMF notice no. 215C0070. On 6 January 2015, the Arnault family group declared that it crossed below the threshold of 10%of the capi- tal of Hermès International and held, directly and indirectly, through the intermediary of companies that it controls, 10,444,636 shares in Hermès International representing as many voting rights, namely 9.89% of the capital and 6.88% of the voting rights, distributed as follows: Number of shares % share capital Voting rights % voting rights This downward crossing of the threshold results from the exceptional distributions of Hermès International shares for the benefit of the shareholders in the companies LVMHMoët Hennessy - Louis Vuitton (exceptional distribution in kind) and Christian Dior (exceptional dis- tribution in kind and interimdividend in kind), as the distribution tran- sactions were implemented. It should be noted that, in accordance with the statements in the aforementioned notice to the AMF, the 1,197,451 shares in Hermès International held by LVMH Moët Hennessy - Louis Vuitton and the 330,080 shares in Hermès International held by Christian Dior cor- respond to a balance of shares pursuant to exceptional transactions for the distribution of shares in kind not yet delivered or intended to be disposed of. By letter dated 2 April 2015, the Arnault family group declared that it held, as at 31 March 2015, 8,972,665 shares representing 8.5% of the capital and 5.95% of the voting rights. This drop results from the sale by LVMH Moët Hennessy - Louis Vuitton, controlled by the Arnault family group, of fractional amounts of Hermès International shares pursuant to the exceptional distribution in kind that wasmade on 17 December 2014. Semyrhamis 8,771,914 8.31 8,771,914 5.78 1,197,451 1.13 1,197,451 0.79 333,080 0.32 333,080 0.22 142,191 0.13 142,191 0.09 LVMH Christian Dior Famille Arnault TOTAL ARNAULT FAMILY GROUP 10,444,636 9.89 10,444,636 6.88
Semyrhamis
8,771,914 8.31 8,771,914 5.78 4,018,561 3.81 4,018,561 2.65 1,006,071 0.95 1,006,071 0.66 142,191 0.13 142,191 0.09
LVMH
Christian Dior Famille Arnault TOTAL ARNAULT FAMILY GROUP
13,938,737 13.20 13,938,737 9.18
These crossings of the thresholds result (i) fromthe exceptional distri- bution in kind of Hermès International shares by the company LVMH Moët Hennessy - Louis Vuitton, (ii) the payment of an interimdividend in kind in the form of Hermès International shares by Financière Jean Goujon, and (iii) from the exceptional distribution in kind of shares of Hermès International and the payment of an interim dividend in kind in the form of Hermès International shares by Christian Dior, successively carried out by these companies for the benefit of their respective shareholders. At the time of these transactions: • LVMHMoëtHennessy-LouisVuittondeclaredthatitcrossedbelow (i) on17December 2014, the thresholds of 20%of the share capi- tal, 15% of the share capital and voting rights and 10% of the voting rights of Hermès International, (ii) on 18 December 2014, the threshold of 10% of the share capital of Hermès International, (iii) on 19 December 2014, the threshold of 5% of the voting rights of Hermès International and (iv) on 22 December 2014, the threshold of 5% of the share capital of Hermès International, fol- lowing the exceptional distribution in kind of Hermès International shares for the benefit of its shareholders; • Financière Jean Goujon declared that it crossed above, on 17 December 2014, following an exceptional distribution of Hermès International shares performed by LVMHMoët Hennessy - Louis Vuitton for the benefit of its shareholders, the thresholds of 5% of the share capital and voting rights of Hermès International, then crossed below, on the same day, following a distribution of Hermès International shares in the form of an interim dividend in kind by Financière Jean Goujon for the benefit of its single shareholder, the same thresholds and no longer held any share in this company;
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2016 REGISTRATION DOCUMENT HERMÈS INTERNATIONAL
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