PRESS RELEASE

Clermont-Ferrand - December 15, 2016

COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN

 

CAPITAL REDUCTION
Cancellation of 3,347,040 treasury shares

 

Pursuant to the decision of the Chief Executive Officer on December 13, 2016 and the twenty-fourth resolution of the May 13, 2016 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 3,347,040 treasury shares, representing 1.8% of the total shares outstanding. The effective date of the resulting capital reduction is December 15, 2016.

Following the capital reduction, the Company's issued share capital will consist of 179,707,426 shares, as indicated in the Euronext notice dated December 13, 2016.

 

Investor Relations

 

Valérie Magloire
+33 (0) 1 78 76 45 37
+33 (0) 6 76 21 88 12 (cell)
valerie.magloire@michelin.com

 

Matthieu Dewavrin
+33 (0) 4 73 32 18 02
+33 (0) 6 71 14 17 05 (cell)
matthieu.dewavrin@michelin.com

 

Humbert de Feydeau
+33 (0) 4 73 32 68 39
+33 (0) 6 82 22 39 78 (cell)
humbert.de-feydeau@michelin.com

 

  		 

Media Relations

 

Corinne Meutey
  +33 (0) 1 78 76 45 27
  +33 (0) 6 08 00 13 85 (cell)
corinne.meutey@michelin.com

 

 

 

Individual Shareholders

 

Jacques Engasser
  +33 (0) 4 73 98 59 08
jacques.engasser@michelin.com

 

Capital Reduction_EN


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Michelin via Globenewswire