Michelin cancels 265,570 treasury shares

Pursuant to the decision made by CEO Jean-Dominique Senard on 21 December 2015 and the ninth resolution of the company’s 2015 Shareholders Meeting, Compagnie Générale des Etablissements Michelin has decided to cancel 265,570 treasury shares, an amount representing 0.15 per cent of the total shares outstanding. The effective date of the resulting capital reduction is 28 December 2015.

Following the capital reduction, the Company’s issued share capital will consist of 181,843,891 shares, as indicated in the Euronext notice dated 22 December 2015.