Transaction in Own Shares • Jun 20, 2022
Transaction in Own Shares
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Paris, June 20, 2022
In connection with the implementation of its share buyback program, Hermès International gave in May 2020 a mandate to an investment services provider ("ISP").
This mandate has been terminated on June 20, 2022, on which date a new mandate was concluded with the ISP.
Pursuant to this mandate, Hermès International instructed the ISP to buy back a maximum amount of 500,000 Hermès International shares on its behalf, independently, in accordance with the applicable regulations.
This operation fits into the framework of the share buyback program authorized in the sixth resolution approved by the General Meeting of April 20, 2022*.
* The mandate will be, if applicable and where necessary, automatically adjusted to take into account each new resolution that would be subsequently approved by the Shareholders' General Meeting.
Since 1837, Hermès has remained faithful to its artisan model and its humanist values. The freedom to create, the spirit of innovation, the constant search for beautiful materials, the transmission of savoir-faire of excellence, and the aesthetic of functionality all forge the singularity of Hermès, a house of objects created to last. An independent, familyowned company which encompasses 16 métiers, Hermès is dedicated to keeping the majority of its production in France through its 52 workshops and production sites and to developing its network more than 300 stores in 45 countries. The group employs almost 17,600 people worldwide, including nearly 11,000 in France, among whom nearly 6,000 are craftsmen*. Axel Dumas, a sixth-generation family member, has been Hermès CEO since 2013. Founded in 2008, the Fondation d'entreprise Hermès supports projects in the areas of artistic creation, training and the transmission of savoir-faire, biodiversity, and the preservation of the environment.
* As of 31 December 2021
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