Michelin employee shareholder plan
Invest in your future
Being a Michelin shareholder means ...
...supporting the growth of a Group that works every day to achieve a better balance between people's development, respect for the planet and economic and financial performance, for the benefit of all.
Investing in Michelin means contributing to a sustainable future by supporting the development of value-creating activities for all. It also means taking part in a project whose chances of success are based on several levers:
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An exceptional capacity for innovation
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Internationally recognized technological leadership
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Teams committed to daily tasks
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A world-renowned brand
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Development on high-potential and diversified markets
In figures
2%
share of capital held by employee shareholders on 30/06/24
69 100
number of Michelin employee shareholders on 30/06/24
1,35 €
dividend per share, voted at the General Meeting of May 17, 2024, for the fiscal year 2023.
Equity structure
on 31/12/2023
Any investment in shares incurs the risk of losing your capital. Past performance of Michelin shares is no guarantee of their future performance. This does not constitute financial advice. This presentation is not an offer for sale nor a solicitation of an offer to buy Michelin shares. To obtain more detailed information on Michelin, especially any risk factors involved, please consult the public documents filed in France with Autorité des marchés financiers, which are also available from the www.michelin.com/en/ website.
Rights and Risks of Shareholding
Shareholder rights
Employee shareholders, regardless of whether they have acquired their shares via an Employee Shareholder Plan (BIB’Action plans) or whether these shares have been gifted by the company during a free share allocation plan (AGA plans) benefit from the same rights as individual shareholders:
• being regularly informed of economic and financial results.
• voting at Annual General Meetings: the right to vote is proportional to the number of shares held. All Michelin shareholders are invited to attend the Shareholder General Meeting. All important decisions concerning the company’s future are subject to shareholder approval.
• receiving dividends pro rata to the number of shares held, if a dividend payout is confirmed. Dividends are subject to income tax.
Employee shareholders also benefit from management fees being paid by the company.
Risks associated with share ownership
Regardless of how they have acquired their shares, employee shareholders face the same risks as other individual shareholders:
• fall in share price: the share value depends primarily on the value investors attribute to the company, how it is run, its strategy, its future, based on a number of financial and economic analysis ratios and elements. It also depends on the international economic climate, geopolitical events and the health of its own business sector.
• unfavorable changes to the tax system in relation to employee share ownership
• exchange rate risk for shareholders not in the euro zone
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