Michelin cancels 3,347,040 treasury shares

Pursuant to the decision of chief executive officer Jean-Dominque Senard on 13 December 2016 and the twenty-fourth resolution of the company’s shareholders meeting on 13 May 2016, Compagnie Générale des Etablissements Michelin has decided to cancel 3,347,040 treasury shares, representing 1.8 per cent of the total shares outstanding. The effective date of the resulting capital reduction was 15 December 2016.

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