As announced in the press release published on May 16, 2022, Michelin's four-for-one stock split is effective today, June 16, 2022.


It has resulted in the delisting of 178,530,462 existing shares and the listing of 714,121,848 new shares to replace them on Euronext under the new ISIN code FR001400AJ45 (the ML ticker symbol remains unchanged).


This transaction has no impact on the double voting rights attached to the shares under the conditions set out in the Company's Bylaws. It does not incur any costs or formalities for Michelin's shareholders and does not impact their rights in any way.


Yves Chapot, General Manager and Chief Financial Officer of Michelin, said: “The stock split will make the Michelin share more accessible to the general public and employees, and thereby contribute to the Group’s commitment to effectively share value. Employee share ownership is a strong indicator of confidence among employees in the Group's future and strategy.”



Investor calendar

  • Delisting of existing shares – Listing of new shares: Thursday, June 16, 2022 (9:00 am)
  • Record date: Friday, June 17, 2022
  • Payment date, with first settlement/delivery of the share purchases or sales made on June 16 with the new ISIN code: Monday, June 20, 2022

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