Michelin : CAPITAL REDUCTION - Cancellation of 1,345,821 treasury shares
December 09, 2019 at 01:11 pm EST
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CAPITAL REDUCTION - Cancellation of 1,345,821 treasury shares
Pursuant to the decision of the Chief Executive Officer on November 29, 2019 and the fifth and the fourteenth resolutions of the May 17, 2019 Shareholders Meeting and the fifth and the twenty-second resolutions of the May 18, 2018 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,345,821 treasury shares, representing 0.75% of the total shares outstanding. The effective date of the resulting capital reduction is December 9, 2019 as indicated in the Euronext notice dated December 5, 2019.
Following the capital reduction, the Company's issued share capital will consist of 178,601,169 shares.
12/09/2019|PDF - 101.2 Ko
CAPITAL REDUCTION - Cancellation of 1,345,821 treasury shares
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Compagnie Générale des établissements Michelin SA published this content on 09 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2019 18:10:03 UTC
Compagnie Générale des Etablissements Michelin is one of the world leaders in manufacturing and marketing of tires. The products are mainly sold under the Michelin, BFGoodrich, Kleber, Uniroyal and Taurus brands. Net sales break down by activity as follows:
- sale and distribution of tires (75.2%): tires for light vehicles (67.3% of net sales) and heavy trucks (32.7%). The group also offers services and solutions to improve the efficiency of transportation;
- other (24.8%): sale of specialty tires for agricultural and civil engineering machines, two-wheeled vehicles, and aircraft. In addition, Michelin offers solutions to support travels and trips (road maps and gastronomic and tour guides, ViaMichelin, Tablet and Robert Parker) and develops high-tech materials for many fields.
Net sales are distributed geographically as follows: France (8.8%), Europe (26.1%), North America (39.2%) and other (25.9%).
MICHELIN (CGDE) 
