Become a Michelin employee shareholder
Come and join us!
At the end of 2023, we had 71,000 employee shareholders within the Michelin Group, which is more than one in two employees!
This is a strong sign of employee commitment to the Company.
HOW YOU CAN BECOME A SHAREHOLDER WITH BIB'ACTION?
Every year, Michelin Group employees have the opportunity to sign up to the BIB’Action Employee Shareholder plan via the shareaction.michelin.com website in the BIB’Action tab.
Eligibility conditions
To be eligible, employees must have:
• an employment contract with a Group company which has joined the International Group Savings Plan (PEG), based in an eligible country,
• at least 3 months’ service on the day of share issue price (continuous or discontinuous from 1 January N-1),
• still work for the company on the day of they subscribe.
For France, all contract types are included (fixed-term contract or open-ended contract, professional training contract, apprenticeship contract, etc.) whether active or in abeyance (on unpaid leave, parental leave, etc.). Interns, temporary workers and outside staff are not Michelin employees and are not eligible.
Outside France, the eligibility conditions for Michelin Group employees are stated in local documentation published to employees.
The total number of shares offered under the BIB'Action plans is set by the Group within the limits voted for by the shareholders at the Annual General Meeting.
Discount/Matching contribution
Eligible employees benefit from a 20% discount on the share price and a contribution from the company matching the shares offered, depending on the number of shares they have. (*)
(*) different conditions for UK
Testimonials
You can also see testimonials from employees who have subscribed to BIB'Action !
Since 2003, Michelin has had a Michelin Shareholder Committee made up of individual and employee shareholders. This committee’s role is to contribute, through its discussions, to improved communication with individual and employee shareholders. Our 3 employee shareholder members share their experience with you.
Myriam Vassaux :I have been an employee shareholder since 2012, when I joined Michelin. I have greatly appreciated being able to benefit from this very advantageous opportunity. My goal is to continue to acquire shares and hold them for as long as possible so that I can pass them on to my granddaughter Victoire when she comes of age.
Vianney Leroy : I have been an employee shareholder since the first BIB'Action plan to which I was able to subscribe. The attractiveness of the offer had made me invest. I joined the Michelin Shareholders' Committee to understand the role of individual savings. On a daily basis, I work on the emergence of sustainable composites beyond tires. These future advances require investment and confidence. Michelin is committed to a People Profit Planet approach, which is essential to me. That is why, beyond the return, as a shareholder I save in companies in which I believe.
Abdelhammid Gherras : I have been an employee shareholder for over 10 years. Since then, I have taken advantage of Michelin's offer whenever possible: the opportunity to purchase shares at a discount on the purchase price and to receive a free share grant. This has allowed me to invest capital and receive dividends each year. Becoming a shareholder means owning a part of the company. I have been a Bib'Action relay at the Cholet site since 2022, I participate in internal communication, and joining the CAM allows me to extend this field to the national level.
Other ways to become a shareholder:
The Group may allocate performance shares to some of its employees via performance share plans. The decision to set up this type of plan was put to a shareholder vote at the Annual General Meeting.
Rights to shares allocated in this way are subject to a so-called acquisition period lasting four years: the shares will be acquired at the end of the period provided that the beneficiaries remain on the Group payroll during the four years of the acquisition period. The final number of shares issued usually depends on Group performance criteria.
Before being converted into Michelin shares, share rights do not offer the possibility of receiving a dividend, nor participating (and hence voting) at the Annual General Meeting.
An employee can buy Michelin shares separately from the BIB’Action plans, either through Société Générale (Account managed on behalf of the Company) or via a financial intermediary (Account managed by a bank or broker).
Any questions?
Find all the answers about the Michelin employee shareholder plan