Capital Rights Structure

Capital rights structure at December 31 2016

Voting rights structure at December 31 2016

at December 31 2016

Changes in share capital

TRANSACTION Number of shares Par value €2 per share (in €)
Capital at December 31, 2016 180,066,121 360,132,242
Conversion of OCEANE bonds 7,230 14,460
Share cancellation -3,347,040 -6,694,080
Restricted Share issues for Michelin Group employees 657,366 1,314,732
Exercise of stock options or vesting of performance share 846,383 1,692,766
Capital at December 31, 2015 181,902,182 363,804,364
Conversion of OCEANE bonds 28 56
Share cancellation -4,961,534 -9,923,068
Exercise of stock options or vesting of performance share 1,137,488 2,274,976
Capital at December 31, 2014 185,726,200 371,452,400
Conversion of OCEANE bonds 2 4
Share cancellation -1,010,336 -2,020,672
Exercise of stock options or vesting of performance share 946,891 1,893,782
Capital at December 31, 2013 185,789,643 371,579,286
Conversion of OCEANE bonds 6 12
Dividend reinvestment 4,467,601 8,935,202
Share cancellation - 1,809,260 - 3,618,520
Exercise of stock options 574,583 1,149,166
Capital at December 31, 2012 182,556,713 365,113,426
Conversion of OCEANE bonds 0 0
Dividend reinvestment 1,883,606 3,767,212
Augmentation de capital résultant de l'exercice d'options de souscription d'actions 654,21 1,308,420
Capital at December 31, 2011 180,018,897 360,037,794
Conversion of OCEANE bonds 14 28
Dividend reinvestment 3,128,066 6,256,132
Exercise of stock options 282,972 565,944
Capital at December 31, 2010 176,607,845 353,215,690
Conversion of OCEANE bonds 346 692
Dividend reinvestment 1,735,759 3,471,518
Exercise of stock options 275,507 551,014
Share issue with pre-emptive subscription rights 27,159,876 54,319,752
Capital at December 31, 2009 147,436,357 294,872,714
Conversion of OCEANE bonds 0 0
Dividend reinvestment 2,371,623 4,743,246
Exercise of stock options 67,312 134,624
Capital at December 31, 2008 144,997,422 289,994,844