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
Last Updated: July 24, 2024*Shares held in treasury under successive share buyback programs approved by the Annual General Meeting of Shareholders, to be cancelled at the end of the buyback program structured for 2024.
VOTING RIGHTS STRUCTURE
Last Updated: July 24, 2024CHANGES IN SHARE CAPITAL
| Description | Number of shares | Par value €0,5 per share (in €) |
|---|---|---|
| Capital at June 30, 2024 | 714.958.226 | 357.479.113 |
| Capital at December 31, 2023 | 714.958.226 | 357.479.113 |
| Capital increase resulting from the allocation of performance shares | 840,108 | 420,054 |
| Capital at June 30, 2023 | 714.118.118 | 357.059.059 |
| Capital increase resulting from the allocation of performance shares | 704 | 352 |
| Capital at December 31, 2022 | 714.117.414 | 357.058.707 |
| Capital increase reserved for Michelin Group employees | 3.872.090 | 1.936.045 |
| Capital increase resulting from the allocation of performance shares | 450 012 | 225 006 |
| Cancellation of shares | -4.326.536 | -2.163.268 |
| Capital at June 30, 2022 (After the split of stocks) | 714.121.848 | 357.060.924 |
| Capital increase resulting from the allocation of performance shares | 48 | 24 |
| Division by 4 of the nominal value | 714 | 357.060.900 |
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