Hermès International: Situation of the liquidity contract as of June 30, 2025

Core Insights - The liquidity contract between Hermès International and BNP Paribas shows significant trading activity in the first half of 2025, with total buy trades amounting to €216,547,071 and sell trades totaling €210,013,542 [1][2]. Group 1: Liquidity Contract Overview - As of June 30, 2025, outstanding means included 3,416 shares of Hermès International and €17,719,592 [1]. - In the first half of 2025, there were 87,824 shares bought across 3,264 transactions and 85,073 shares sold across 3,835 transactions [1]. - The previous half-year situation (December 31, 2024) reported outstanding means of 665 shares and €24,002,097 [1]. Group 2: Historical Comparison - In the second half of 2024, total trades included 74,349 shares bought for €154,427,181 and 76,039 shares sold for €158,887,483 [1]. - The first application of the AMF 2021-01 decision on July 1, 2021, showed outstanding means of 496 shares and €18,278,671 [1]. - As of December 31, 2018, the outstanding means were 9,166 shares and €10,762,173 [2].