Michelin Reports Voting Rights and Share Capital Update
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Understanding Michelin's Recent Disclosure on Voting Rights
In the heart of France's tire manufacturing industry lies Michelin, a global leader known for its innovation and commitment to quality. As part of our dedication to transparency, we’re sharing an important update regarding our voting rights and share capital.
Overview of Company and Capital Structure
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN is structured as a Partnership Limited by Shares, boasting a capital of EUR 357,479,113. Our official registration showcases a strong foundation with continual growth and shareholder value at its core. It is important for our stakeholders to stay informed about these changes as they directly influence decision-making procedures during our management and shareholder meetings.
Share Capital Details
As of the latest declared date, July 31, 2024, our capital encompasses 714,958,226 shares. This number not only represents our issued shares but also forms the basis for calculating total voting rights available to shareholders. By keeping investors updated on these figures, we aim to empower them with the information needed to make informed decisions regarding their investment in Michelin.
Total Voting Rights Calculation
Regarding the total voting rights, we currently report a maximum theoretical right count of 991,582,806 voting rights. However, taking into account certain treasury shares, the practical number of voting rights stands at 984,849,245. This adjustment underscores our responsibility to provide a clear picture of our voting landscape, crucial for effective shareholder engagement and corporate governance.
Investor Relations at Michelin
We value our relationship with investors and aim for transparency in all communications. If you have any questions regarding the recent disclosure or wish to learn more about Michelin's financial standing, you can reach out to our dedicated investor relations team. For immediate concerns, contact Guillaume Jullienne or Benjamin Marcus, who are ready to assist you with any inquiries regarding your investment.
Getting in Touch with Us
For any investor-related questions, you can reach us at investor-relations@michelin.com. Additionally, our Media Relations team can be contacted at +33 (0) 1 45 66 22 22 for any media inquiries. We encourage individual shareholders to communicate with us as well, ensuring that all voices are heard in our corporate discourse.
Frequently Asked Questions
What is the significance of the voting rights disclosure?
The voting rights disclosure informs shareholders of the number of rights they hold, which influences decisions made during shareholder meetings and overall company governance.
How often does Michelin report on voting rights and share capital?
Michelin aims to provide timely updates whenever there are significant changes in its voting rights or share capital to keep investors informed.
Who can I contact for more information about my shares?
You can contact our investor relations team directly at investor-relations@michelin.com for any inquiries regarding your shares and rights.
What role do treasury shares play in calculating voting rights?
Treasury shares are excluded from the total voting rights calculation, affecting the practical number of rights available to shareholders.
How does Michelin ensure transparency in its operations?
Michelin adheres to strict regulatory guidelines and actively engages with shareholders to maintain transparency in its operations and governance.
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