Understanding Michelin's Shareholder Rights and Capital Composition
Overview of Share Capital and Voting Rights
In recent disclosures, Michelin has provided details regarding the total voting rights and shares that constitute the Company’s capital structure. This information is crucial for investors as it indicates the equity framework within which shareholders operate. With a registered capital amount of EUR 352,874,393, Michelin stands as a partnership limited by shares.
Details of Voting Rights Disclosure
The announcement emphasizes the number of shares held as of a specified date. As of June 30, 2025, the total number of shares was reported to be 705,748,786. This figure reflects the shares that circulate in the market, impacting the rights of shareholders to participate in decision-making processes.
Breakdown of Theoretical and Real Voting Rights
Michelin also elaborated on the voting rights associated with these shares. The theoretical voting rights total reached 1,033,732,595, while the actual voting rights were slightly less at 1,033,731,768. The minor discrepancy is attributed to 827 treasury shares that have been accounted for. This distinction is vital for understanding the voting power of individual shareholders compared to the company’s overall ownership structure.
Significance for Investors
Keen investors should be aware that this level of transparency demonstrates Michelin’s commitment to maintaining clear communication with its shareholders. It reinforces trust and enables investors to make informed decisions based on the understanding of their voting power and stake within the company.
Contact Information for Shareholder Queries
For further inquiries, Michelin has provided several channels for investor relations. The dedicated team can be reached via email, including contacts like Guillaume Jullienne and Benjamin Marcus, ensuring swift responses to shareholder questions. Direct lines for media relations are also available, facilitating communication with the press while allowing individual shareholders to access important contacts.
Investor Relations
For any investment-related queries, shareholders can reach out to investor-relations@michelin.com. Such accessible communication channels are crucial in a company’s governance structure, promoting active engagement among stakeholders.
Media Relations
The media relations team at Michelin can be contacted at +33 (0) 1 45 66 22 22. This contact is essential for journalists seeking accurate information, contributing to transparent reporting and public relations efforts.
Individual Shareholder Support
Individual shareholders can specifically contact Muriel Combris-Battut at +33 (0) 4 73 32 23 05 for personalized assistance. This service reaffirms Michelin’s dedication to ensuring that all shareholders, regardless of their stakes, feel valued and informed.
Frequently Asked Questions
What are voting rights in a company?
Voting rights allow shareholders to participate in company decisions, including electing board members and approving major transactions.
How is Michelin’s capital structured?
Michelin's capital is structured as a limited partnership, currently valued at EUR 352,874,393.
Who can shareholders reach out to for inquiries?
Shareholders can contact Michelin's investor relations team via provided emails and phone numbers, ensuring their questions are addressed promptly.
What is the significance of treasury shares?
Treasury shares are shares that the company has repurchased. They do not have voting rights but are important for understanding the total voting rights available.
How often does Michelin disclose its voting rights?
Michelin regularly discloses its voting rights and shares to maintain transparency with its investors and the market.
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