Hermes'S "Equity War": Louis Weedon Will Be Punished.

Gerard Lamey, director of the financial market authority 1, said the bureau had completed an investigation into the Louis Weedon group's holdings of Hermes group. The sanctions committee under the Bureau will launch the audit process to decide whether to punish Louis Weedon.

On the same day, lame told a French television interview that the sanctions committee will complete the review process as early as 2013.

The sanctions committee will make an independent decision and the financial market authority can appeal.

Lame also said that

Louis Weedon has been accused of "holding the shares of Hermes" by unconventional means. As the case involves financial pactions, the Paris Procuratorate, which accepts the case, will "consult" the financial market authority, which will also provide "opinions" in the next few days.

In September 4th this year, Hermes publicly confirmed that he had accused Louis Weedon of Paris's "unconventional means of holding Hermes shares".

Louis Weedon also stated on the same day that the group's entry into herm's operation was "compliant" and countered herm's "extortion, false accusation and unfair competition".

In October 23, 2010,

Unexpectedly, it announced that it had purchased 17.1% of Hermes shares and increased its holdings of Hermes to 22.28% by the end of December last year, becoming the largest single shareholder outside the Hermes family heirs.

Although Louis Weedon indicated that he did not seek to control the brand, he would not propose a public takeover. However, Hermes did not want Louis Weedon to join the group. He did not believe that Louis Weedon had issued a notice in accordance with the relevant provisions that the increase of shares would exceed the limit of voting rights, and asked the French financial and monetary authority to conduct an investigation of its shareholding operations.

According to a document released by the French financial market authority, Louis Weedon began a series of stock swap operations with three French banks in 2008. He bought three Hermes convertible derivatives from three banks, then converted derivatives to common stocks, and finally paid the bill by Louis Weedon.

As pactions are carried out through cash, according to the original rules of French financial paction management, the relevant pactions can not be disclosed.

In September 30th this year, the French financial market authority amended the rules of the financial market, requiring a shareholder to notify the shareholding enterprise and the financial market authority whether or not the shares could exceed the quota of voting rights and directors' seats.