"The employee shareholder plan symbolizes employee confidence in the Michelin strategy and links them more directly to the Group's results. We would like to increase employee share capital ownership to around 4% by 2030, by making it easier for employees to access the shareholder plan, especially among production workers whose subscriber numbers increased sharply in 2022, to 47%.  Annualizing the BIB’Action shareholder plan should allow everyone to purchase shares on preferential terms more often, or at opportune moments in life. Regular participation offers the chance to buy Michelin shares at a fixed subscription price for each plan, which may vary in cost depending on the plan. This will have the effect of smoothing out the risk associated with investing in stocks and shares."