Michelin reports capital reduction

Pursuant to the decision made by its chief executive officer on 9 December and the  second resolution of the company’s 17 May 2013 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 1,809,260 treasury shares, representing 0.97 per cent of its total outstanding shares. The effective date of the resulting capital reduction is 12 December, 2013.

The share cancellation will have the effect of reducing the capital by €3,618,520 to €370,750,120, represented by 185,375,060 shares.