(AOF) – Michelin announces that it has requested the assistance of two investment service providers for the purposes of implementing its share buyback program as authorized by the general meeting of shareholders of May 12, 2023 These service providers will sell to Michelin, which undertakes to acquire them, between March 1 and November 21, 2024, a certain quantity of Michelin shares, within the limit of an amount of 500 million euros, at a price average determined objectively and independently by the market throughout the duration of the contract, less a guaranteed discount.
The price cannot in any case exceed the maximum purchase price set by the general meeting of shareholders of May 12, 2023 or by the corresponding new resolution to be approved by the next general meeting scheduled for May 17, 2024.
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