Michelin’s Self-Trading Shenanigans: A Disclosure for August 21, 2024
23, Place des Carmes-Déchaux – 63000 CLERMONT-FERRAND
Information about securities repurchasing program
Regulated information
Issuer social denomination: Michelin – LEI 549300SOSI58J6VIW052
Types of securities: ordinary shares – Code ISIN FR 0000121261
Date: August 21st, 2024
Issuer Name Issuer code Transaction date ISIN Code Daily total volume (in number of actions) Daily weighted average price of shares acquired Platform
Compagnie Générale des Etablissements Michelin 549300SOSI58J6VIW052 FR001400AJ45 Gré à gré
Compagnie Générale des Etablissements Michelin 549300SOSI58J6VIW052 19.08.2024 FR001400AJ45 1 663 850 34,6308 euros Gré à gré
Issuer Name Issuer code PSI Name Issuer Code Transaction date ISIN Code Unit Price Currency Quantity bought Platform Transaction reference number Buyback objective
Compagnie Générale des Etablissements Michelin 549300SOSI58J6VIW052 BNP PARIBAS R0MUWSFPU8MPRO8K5P83 19.08.2024 FR001400AJ45 34,6308 Euro 1 663 850 Gré à gré 5309224 Cancellation
Attachment 20240821 – déclaration hebdo – EN
Michelin, known for its quality tires, seems to be stirring up some self-trading shenanigans in the financial market. The recent disclosure dated August 21, 2024, reveals interesting information about a securities repurchasing program. With a quirky twist to their usual business practices, Michelin is engaging in some offbeat trading activities.
Let’s dive into the details of this disclosure. The issuer, Michelin, has been repurchasing ordinary shares with the ISIN code FR 0000121261. On August 19, 2024, they acquired a total volume of 1,663,850 shares at a weighted average price of 34.6308 euros through a platform called Gré à gré.
In another transaction on the same date, Michelin bought back shares from BNP PARIBAS with the unit price of 34.6308 euros in Euro currency. The quantity bought was 1,663,850 shares, and the transaction reference number was 5309224. The objective of this buyback was cancellation.
Overall, it seems like Michelin is up to some self-trading antics that are both amusing and intriguing. It’s not every day that you see a renowned company like Michelin diving into unconventional financial maneuvers.
How will this affect me?
As an individual investor, this disclosure may not have a direct impact on you unless you are specifically invested in Michelin’s securities. It does, however, provide insight into the company’s financial decisions and strategies, which could influence the overall market sentiment towards Michelin and potentially impact its stock performance.
How will this affect the world?
While Michelin’s self-trading shenanigans may not cause global upheaval, they do add a humorous twist to the usually serious world of finance. The disclosure could raise eyebrows in the financial community and spark discussions about the boundaries of self-trading practices among corporations. It serves as a reminder that even industry giants like Michelin are not immune to engaging in quirky financial maneuvers.
Conclusion
In conclusion, Michelin’s disclosure of self-trading shenanigans in the securities repurchasing program for August 21, 2024, provides a glimpse into the playful side of finance. While the implications may not be earth-shattering, it adds a touch of humor and curiosity to the otherwise mundane world of corporate transactions. It’s a reminder that even in the midst of regulated information, there’s always room for some quirky surprises.
