Pursuant to the decision of the Managing Chairman on October 13, 2020 and the fifth and the twenty-fourth resolutions of the June 23, 2020 Shareholders Meeting and the fifth and fourteenth resolutions of the May 17, 2019 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,097,540 treasury shares, representing 0.61% of the total shares outstanding. The effective date of the resulting capital reduction is October 20, 2020 as indicated in the Euronext notice dated October 16, 2020.

 

Following the capital reduction, the Company’s issued share capital will consist of 177,543,801 shares.

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