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Michelin: CAPITAL REDUCTION – Cancellation of 1,345,821 treasury shares

Written by Customer Service on . Posted in Public Companies.

PRESS RELEASE
Clermont-Ferrand – December 9, 2019COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN
CAPITAL REDUCTIONCancellation of 1,345,821 treasury shares
           Pursuant to the decision of the Chief Executive Officer on November 29, 2019 and the fifth and the fourteenth resolutions of the May 17, 2019 Shareholders Meeting and the fifth and the twenty-second resolutions of the May 18, 2018 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,345,821 treasury shares, representing 0.75% of the total shares outstanding. The effective date of the resulting capital reduction is December 9, 2019 as indicated in the Euronext notice dated December 5, 2019.Following the capital reduction, the Company’s issued share capital will consist of 178,601,169 shares.Attachment20191209_MICHELIN_PR_Capital reduction

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