Michelin Updates on Share Repurchasing Program Details
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Michelin: Disclosure of Trading in Own Shares
23, Place des Carmes-Déchaux - 63000 CLERMONT-FERRAND
Information About Securities Repurchasing Program
Regulated Information
Issuer social denomination: Michelin – LEI 549300SOSI58J6VIW052
Types of securities: ordinary shares – Code ISIN FR 0000121261
Recent Transactions
Transaction Summary
Issuer Information
Issuer Name: Compagnie Générale des Etablissements Michelin
Issuer Code: 549300SOSI58J6VIW052
Transaction Details
Transaction Date | ISIN Code | Total Volume (Number of Shares) | Weighted Average Price | Trading Platform |
16.08.2024 | FR001400AJ45 | 664,888 | 34.6647 euros | Gré à gré |
Future Plans and Objectives
Michelin has outlined its ongoing commitment to enhancing shareholder value through a proactive approach in its repurchasing program. The goal of these transactions is to manage the capital efficiently and return cash to shareholders, reflecting their strong financial position.
Contact Information
For further inquiries, please reach out to:
Michelin
23, Place des Carmes-Déchaux
63000 CLERMONT-FERRAND
Frequently Asked Questions
1. What is the purpose of Michelin's share repurchasing program?
The purpose is to enhance shareholder value by managing capital efficiently and returning cash to shareholders.
2. What type of securities is Michelin repurchasing?
Michelin is repurchasing ordinary shares, with the ISIN code FR 0000121261.
3. How many shares were repurchased on August 16, 2024?
A total of 664,888 shares were repurchased on that date.
4. Who is the issuer of the shares being repurchased?
The issuer is Compagnie Générale des Etablissements Michelin, identified by the LEI 549300SOSI58J6VIW052.
5. What was the weighted average price of shares acquired in the recent transactions?
The weighted average price for shares acquired was 34.6647 euros.
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