Insights into Michelin's Recent Voting Rights Disclosure
Located at the forefront of France's tire manufacturing sector, Michelin stands as a global leader recognized for its innovation and unwavering commitment to quality. In line with our pledge to transparency, we are providing an important update about our voting rights and share capital.
Company Overview and Capital Structure
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN operates as a Partnership Limited by Shares, with a capital totaling EUR 357,479,113. Our official registration reflects a robust foundation, emphasizing continuous growth and the creation of shareholder value. It is essential for our stakeholders to remain informed about these developments, as they significantly impact decision-making processes during management and shareholder meetings.
Details on Share Capital
As of our most recent declaration on July 31, 2024, our capital consists of 714,958,226 shares. This figure not only indicates our issued shares but also serves as the basis for determining the total voting rights available to our shareholders. By keeping our investors updated on these numbers, we aim to equip them with the necessary information to make well-informed decisions regarding their investments in Michelin.
Calculation of Total Voting Rights
Currently, we report a maximum theoretical count of 991,582,806 voting rights. However, after accounting for certain treasury shares, the practical number of voting rights is 984,849,245. This adjustment highlights our commitment to providing a transparent view of our voting landscape, which is essential for effective shareholder engagement and sound corporate governance.
Michelin's Investor Relations
We prioritize our relationship with investors and strive for transparency in all our communications. If you have any questions about the recent disclosure or would like to learn more about Michelin's financial health, please reach out to our dedicated investor relations team. For immediate assistance, you can contact Guillaume Jullienne or Benjamin Marcus, who are available to help with any inquiries related to your investment.
Contacting Us
For any inquiries related to investments, feel free to reach us at investor-relations@michelin.com. For media inquiries, our Media Relations team is available at +33 (0) 1 45 66 22 22. We also encourage individual shareholders to connect with us, ensuring that every voice is heard in our corporate discussions.
Frequently Asked Questions
What is the significance of the voting rights disclosure?
The voting rights disclosure is crucial as it informs shareholders about the number of rights they possess, which impacts decisions made during shareholder meetings and overall governance of the company.
How often does Michelin report on voting rights and share capital?
Michelin strives to provide timely updates whenever there are significant changes in its voting rights or share capital, ensuring that investors stay informed.
Who can I contact for more information about my shares?
You can reach out directly to our investor relations team at investor-relations@michelin.com for any questions 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, which influences the practical number of rights available to shareholders.
How does Michelin ensure transparency in its operations?
Michelin follows strict regulatory guidelines and actively engages with shareholders to uphold transparency in its operations and governance.
