Michelin Announces Trading Activity in Own Shares on August 12, 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 12th, 2024
Issuer Name: Compagnie Générale des Etablissements Michelin
Issuer code: 549300SOSI58J6VIW052
Transaction date: 14.08.2024
ISIN Code: FR001400AJ45
Daily total volume (in number of actions): 180,590
Daily weighted average price of shares acquired: 33,3133 euros
Platform: Gré à gré
Issuer Name: Compagnie Générale des Etablissements Michelin
Issuer code: 549300SOSI58J6VIW052
PSI Name: NATIXIS
PSI Code: KX1WK48MPD4Y2NCUIZ63
Transaction date: 14.08.2024
ISIN Code: FR001400AJ45
Unit Price: 33,3133 Euro
Currency Quantity bought: 180,590
Platform: Gré à gré
Transaction reference number: 5309224
Buyback objective: Cancellation
Issuer Name: Compagnie Générale des Etablissements Michelin
Issuer code: 549300SOSI58J6VIW052
PSI Name: BNP PARIBAS
PSI Code: R0MUWSFPU8MPRO8K5P83
Transaction date: 14.08.2024
ISIN Code: FR001400AJ45
Unit Price: 33,3133 Euro
Currency Quantity bought: 180,590
Platform: Gré à gré
Transaction reference number: 5309224
Buyback objective: Cancellation
Attachment 20240812 – déclaration hebdo – EN
Michelin has recently announced trading activity in their own shares on August 12, 2024. The company repurchased a significant number of ordinary shares through a securities repurchasing program. The daily volume of actions totaled 180,590, with a daily weighted average price of 33,3133 euros. These transactions were carried out through different platforms like “Gré à gré” with the involvement of companies like NATIXIS and BNP PARIBAS.
How will this affect me?
As an individual investor or shareholder in Michelin, the trading activity in their own shares could potentially impact the value of your investment. The repurchasing of shares could signal the company’s confidence in its performance and future prospects, which could positively impact the stock price in the long term.
How will this affect the world?
Michelin’s trading activity in their own shares may also have broader implications for the financial markets and the business world. It could influence investor sentiment towards the company and the automotive industry as a whole. Additionally, it could set a precedent for other companies to engage in similar repurchasing programs to enhance shareholder value.
Conclusion
In conclusion, Michelin’s announcement of trading activity in their own shares on August 12, 2024, highlights the company’s strategic decision to repurchase ordinary shares. This move could have varying effects on individual investors, shareholders, the financial markets, and the global business landscape. It remains to be seen how this trading activity will ultimately impact Michelin’s performance and reputation in the industry.
