Michelin Announces Capital Reduction by Canceling 22.9 Million Shares

Compagnie Générale des Établissements Michelin has implemented a capital reduction by canceling 22,919,400 treasury shares. This action follows the decision by the Managing Chairman on December 19, 2025, and the approval of the 14th resolution at the Shareholders Meeting on May 16, 2025. The canceled shares represent 3.23% of the total shares outstanding.

The effective date for this capital reduction is December 30, 2025, as detailed in the Euronext notice from December 24, 2025. The cancellation of these shares is part of Michelin's strategy to manage capital efficiently. Investors and stakeholders are urged to refer to official documents for further information and context regarding this decision.