Understanding Michelin's Latest Voting Rights and Share Information

Overview of Michelin's Capital and Voting Rights
Michelin, globally renowned for its tire production and innovative solutions, plays a significant role in the automotive industry. Being transparent about its corporate structure, the company provides crucial information regarding the total number of voting rights and the shares that compose its capital. This detail is essential for investors and stakeholders looking to maintain informed positions regarding their investments in COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN.
Key Financial Statistics
As of October, relevant updates have shown that the total number of shares stands at 705,748,786. From these shares, there are theoretical voting rights of 1,035,629,340, while the actual number of voting rights is noted to be 1,032,473,642, which takes into account the treasury shares held by the company.
Understanding Voting Rights
Voting rights are a vital aspect of shareholder representation in companies like Michelin. The rights allow shareholders to participate in important decisions regarding the company's future, including mergers, acquisitions, and other significant changes. These rights affirm the investors' ability to influence the company's direction, thus reinforcing the importance of staying updated on such disclosures.
The Impact of Treasury Shares
In the context of total voting rights, it's crucial to understand the role of treasury shares. The recent acknowledgment includes 3,155,698 treasury shares, which are shares bought back by the company and not counted as outstanding shares. These shares play a pivotal role in the calculation of actual voting rights and reflect the strategic choices made by the company's management.
Investor Relations Contact Information
Investors looking for further clarity or wishing to engage with the company’s Investor Relations can reach out via the provided contact avenues. Interested parties are encouraged to connect through email for any queries related to their shares or for understanding more about the company’s financial health and corporate practices.
Connecting with Michelin's Investor Relations
To further enhance communication, individuals can reach out to:
- Investor Relations: investor-relations@michelin.com
- Guillaume Jullienne: guillaume.jullienne@michelin.com
- Benjamin Marcus: benjamin.marcus@michelin.com
Moreover, the Media Relations team can be contacted at +33 (0) 1 45 66 22 22 or through groupe-michelin.service.de.presse@michelin.com. Furthermore, individual shareholders can get assistance at +33 (0) 4 73 32 23 05.
Frequently Asked Questions
1. What is the total number of shares owned by Michelin?
Michelin currently has a total of 705,748,786 shares outstanding.
2. How many voting rights does Michelin have?
Michelin holds 1,032,473,642 voting rights after accounting for its treasury shares.
3. What are treasury shares?
Treasury shares are shares that were once part of the outstanding shares but were later repurchased by the company.
4. How can shareholders contact Michelin?
Shareholders can contact Michelin's Investor Relations team via email or the provided phone numbers for further inquiries.
5. Why are voting rights important for shareholders?
Voting rights empower shareholders to have a say in company matters, influencing decisions that affect their investments and the company's future.
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