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, 2025VOTING RIGHTS STRUCTURE
Last Updated: July 24, 2025CHANGES IN SHARE CAPITAL
| Description | Number of shares | Par value €0,5 per share (in €) |
|---|---|---|
| Capital at June, 30 2025 | 705.748.786 | 352.874.393 |
| Capital increase resulting from the allocation of performance shares | 1,514 | 757 |
| 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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