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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: December 31, 2023

VOTING RIGHTS STRUCTURE

Last Updated: December 31, 2023

CHANGES IN SHARE CAPITAL

DescriptionNumber of sharesPar value €0,5 per share (in €)
Capital at December 31, 2023714,958,226357,479,113
Capital increase resulting from the allocation of performance shares840,108420,054
Capital at June 30, 2023714,118,118357,059,059
Capital increase resulting from the allocation of performance shares704352
Capital at December 31, 2022714,117,414357,058,707
Capital increase reserved for Michelin Group employees3.872.0901,936,045
Capital increase resulting from the allocation of performance shares450,012225,006
Cancellation of shares-4,326,536-2.163,268
Capital at June 30, 2022 (After the split of stocks)714,121,848357,060,924
Capital increase resulting from the allocation of performance shares4824
Division by 4 of the nominal value714,121,800357,060,900

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