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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Michelin | EU:ML | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.13 | 0.35% | 37.26 | 37.26 | 37.27 | 37.33 | 36.89 | 37.16 | 465,403 | 15:30:51 |
Clermont-Ferrand – May 16, 2022
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN
Four-for-one stock split of Michelin shares on June 16, 2022
Compagnie Générale des Établissements Michelin today announced that the shareholders voting at the Annual Meeting of May 13, 2022 resolved to split the par value of the Michelin share into four. This decision is related to the sharp 66% rise in the share price from €86.70 at December 31, 2018 to €144.15 at December 31, 2021.
The stock split will take effect on June 16, 2022 when trading opens, with the following characteristics:
This transaction will have no impact on the double voting rights attached to the shares under the conditions set out in the Company's Bylaws. It will not incur any costs or formalities for Michelin's shareholders and will not impact their rights in any way.
Investor calendar
Investor Relations Guillaume Jullienne+33 (0) 7 86 09 68 01 guillaume.jullienne@michelin.comPierre Hassaïri+33 (0) 6 84 32 90 81pierre.hassairi@michelin.comFlavien Huet+33 (0) 7 77 85 04 82flavien.huet@michelin.com | Media Relations +33 (0) 1 45 66 22 22groupe-michelin.service-de-presse@michelin.com Individual Shareholders +33 (0) 4 73 32 23 05Muriel Floc'hlaymuriel.floc-hlay@michelin.comClémence Rodriguezclemence.daturi-rodriguez@michelin.com |
DISCLAIMERThis press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the www.michelin.com/eng website.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
1 Year Michelin Chart |
1 Month Michelin Chart |
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