Michelin cancels treasury shares

Michelin – Compagnie Générale des Etablissements Michelin, to use the company’s full name – has decided to cancel 1,345,821 treasury shares, representing 0.75 per cent of the total shares outstanding. As indicated in a Euronext notice last week, the effective date of the resulting capital reduction is 9 December 2019.

Following the capital reduction, Michelin’s issued share capital will consist of 178,601,169 shares.