on COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN (isin : FR001400AJ45)
Michelin Announces Share Buyback Details for October 2025
On October 1st, 2025, Michelin reported the specifics of its securities repurchase program. The announcement details that Michelin repurchased 460,037 ordinary shares under the ISIN code FR001400AJ45. The daily weighted average price of these shares was documented as 30.3313 euros. The transactions were conducted over-the-counter.
The repurchase was executed in collaboration with CA-CIB, identified by issuer code 1VUV7VQFKUOQSJ21A208. The objective of this buyback is listed as cancellation, suggesting an intention to reduce the total number of shares outstanding, potentially enhancing shareholder value by increasing earnings per share.
This repurchasing activity, regulated and disclosed as per the relevant financial authority requirements, reflects Michelin's ongoing strategy in managing its capital effectively.
R. H.
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