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: February 12, 2025*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: February 12, 2025CHANGES IN SHARE CAPITAL
| Description | Number of shares | Par value €0,5 per share (in €) |
|---|---|---|
| Capital at Decembre 31, 2024 | 705.747.272 | 352.873.636 |
| Capital increase resulting from the allocation of performance shares | 2.629 | 1.314 |
| Cancellation of shares | -2.755.334 | -1.377.667 |
| Capital increase resulting from the allocation of performance shares | 929.110 | 464.555 |
| Capital increase reserved for Michelin Group employees | 4.334.410 | 2.167.205 |
| Cancellation of shares | -11.721.769 | -5.860.884 |
| 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 |
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