Capital rights structure
Find out how the Michelin Group's capital is distributed and how it is changing, as well as the composition of voting rights.
CAPITAL RIGHTS STRUCTURE
(*) Percentages rounded to one decimal place
VOTING RIGHTS STRUCTURE
(*) Percentages rounded to one decimal place
CHANGES IN SHARE CAPITAL
| Description | Number of shares | Par value €0,5 per share (in €) |
|---|---|---|
| Capital at December 31, 2025 | 687.596.240 | 343.798.120 |
| Capital increase resulting from the allocation of performance shares | 1.103 | 551,5 |
| Cancellation of shares | -22.919.400 | -11.459.700 |
| Capital increase resulting from the allocation of performance shares | 726.131 | 363.065,5 |
| Capital increase reserved for Michelin Group employees | 4.039.620 | 2.019.810 |
| Capital at June, 30 2025 | 705.748.786 | 352.874.393 |
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