Tires, Products and Travel services
- United Arabians Emirates
- Burkina Faso
- Central African Republic
- Ivory Coast
- Saoudian Arabia
- South Africa
- Sri Lanka
Following the three Employee Shareholder Plans in 2002, 2003 and 2008, 70,000 employees and former employees in 67 countries and five continents are now shareholders.
"Our take-up rate is one of the highest in industry"
An efficient, structured organization
The employee shareholder relations organization is built on a network of correspondents appointed in the Personnel Department in every country.
The correspondents ensure compliance with local legislation and oversees relations with local employee shareholders, including account management and communication.
Employee shareholders who would like more information about their investment are encouraged to contact their correspondent or local Personnel Department.
Employee shareholder information in your own language
The Letter to Shareholders is published in 12 languages so that every employee shareholder can take in the latest corporate news in his or her own language. Many country organizations also post comprehensive employee shareholder information on their intranets.
Special information for expatriates
Assignment to another country has no impact on your portfolio. However, you should inform us of your new posting as soon as possible by sending us a signed international mobility form. In this way, you will be sure to:
- Receive all the documents or information to which you are entitled as a shareholder, including account statements, the French IFU reportable tax form (if applicable), the notice of annual meeting and the Letter to Shareholders.
- Receive your dividend.
- Benefit from the appropriate tax treatment, depending on your country of residence.
There are two possibilities:
- You can request that your new country organization administer your share account.
- You can continue to have your account administered directly in France, as a non-resident.
The various mobility forms may be found on the Employee Shareholder pages of the Michelin France intranet. Just choose the one you need and return it completed and signed to your BIB’Action country correspondent or the CGEM Employee Shareholder Relations Department.
If you change address, you should inform your country BIB’Action correspondent or the custodian bank that administers Michelin shares acquired under the 2002, 2003 and/or 2008 BIB’Action employee shareholder plans.
The easiest, fastest and most secure way to do this is via the Internet. Just go to the Personal Information section of the www.nominet.socgen.com website. You can also update your details by:
- Fax at +33 (0)2 51 85 62 15
- Phone at +33 (0)2 51 85 67 89
- Postal mail to:
SOCIÉTÉ GÉNÉRALE Securities Services
32, rue du Champ de Tir
BP 81236 - 44312 NANTES Cedex 3
- The custodian bank for employee shareholders domiciled in the United States of America and Canada is SGVESTIA.
- The custodian bank for employee shareholders domiciled in the United Kingdom is EQUINITI.
NB: Sending your new mailing address to the Michelin Personnel department does not suffice as this information is not forwarded to the custodians (Société Générale, SGVestia, EQUINITI) or CGEM. To keep your share account information up-to-date with your latest home or mailing address, you must inform the custodian or your country BIB’Action correspondent.
QUESTIONS / ANSWERS
For all employee shareholders, other than those domiciled in the United Kingdom, the United States of America and Canada.
“How can I connect to Société Générale’s Nominet website if I’ve lost my log-in and password?”
On the www.nominet.socgen.com site, click the “I have lost my identification numbers” link. Fill in your name and mailing address and within a week you should receive a new log-in and password from the bank.
“The five-year lock-up on my shares has been lifted and I’d like to sell them. How do I do that?”
We recommend you sell them online by logging onto www.nominet.socgen.com with your log-in and password. Go to the “transaction” section, then click on “place a sell order”. Enter the number of shares you wish to sell and click OK. You can also fill in the downloadable sell order from the “Employee Shareholder” pages of the Michelin France intranet and send it back signed to Société Générale by fax or postal mail.
“What if I want to sell my shares before the five-year lock-up ends?”
Conditions for early sale vary by country. We highly recommend that employee shareholders living outside France contact their BIB’Action correspondent. For French residents, cases for lifting the five-year ban may be found in the summary table in the “Employee Shareholder” pages of the Michelin France intranet.
“I’m going to retire soon. Do I have to sell my shares?”
No, you can keep them as long as you like. However, if you wish to sell the shares acquired under the 2008 plan before their lock-up ends in July 2013, and you live in France, you may do so by sending Société Générale a “certificat de travail”, or a statement from the Michelin Personnel Department certifying the date of termination of your work contract, or else an “attestation d’admission à la retraite” showing the date of termination. If you live in another country, please contact your local BIB’Action correspondent.