Press Release
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS
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In the current global health crisis, the
In response to social distancing measures and restrictions on movement, the Group will, exceptionally, hold its Annual Shareholders Meeting behind closed doors and without shareholders in physical attendance, at
In a commitment to optimally balance the interests of all its stakeholders, the Group has decided to reduce the amount of the proposed 2019 dividend to €2, compared with the initially announced €3.85, with payment scheduled for
Since the beginning of the crisis, the Group has taken all of the initiatives required to attenuate as much as possible the negative impact of the crisis on segment operating income and free cash flow. The Group has the financing sources and mechanisms in place to deal with the uncertainty surrounding the crisis.
(1) This decision has been made in response to the current health crisis, in light of stepped up government measures requiring residents to stay indoors and public places to close. It is consistent with Article 4 of French government order No. 2020-321 dated
Investor Relations Édouard de Peufeilhoux +33 (0) 4 73 32 74 47 +33 (0) 6 89 71 93 73 (mobile) edouard.de-peufeilhoux@michelin.com +33 (0) 4 73 32 68 39 +33 (0) 6 82 22 39 78 (mobile) humbert.de-feydeau@michelin.com Pierre Hassaïri +33 (0) 4 73 32 95 27 +33 (0) 6 84 32 90 81 (mobile) pierre.hassairi@michelin.com | Media Relations Hervé Erschler +33 (0) 1 45 66 22 22 +33 (0) 6 70 47 85 04 (mobile) herve.erschler@michelin.com + 33 0 (6) 34 09 82 67 pascale.audibert@michelin.com Individual Shareholders Isabelle Maizaud-Aucouturier +33 (0) 4 73 32 23 05 isabelle.maizaud-aucouturier@michelin.com +33 (0) 4 73 32 15 11 clemence.daturi-rodriguez@michelin.com |
DISCLAIMER
This press release is not an offer to purchase or a solicitation to recommend the purchase of
This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions as at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.
Attachment
- 20200401_Michelin_Annual Shareholders meeting behind close doors and dividend reduction_EN
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