5 _457 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Financial statements Note 9. SHARE CAPITAL AND PAID-IN CAPITAL IN EXCESS OF PAR Share capital and paid-in capital in excess of par break down as follows: (in € thousands) Share capital Share premiums Total At January 1, 2023: 714,117,414 shares 357,059 2,701,903 3,058,962 Performance shares: 840,812 shares delivered (note 16) 420 420 Other (130) (130) AT DECEMBER 31, 2023: 714,958,226 SHARES 357,479 2,701,773 3,059,253 The shares have a par value of €0.50. All outstanding shares are registered and fully paid. Note 10. OTHER EQUITY (in € thousands) Revaluation reserve Other reserves Retained earnings Net income Untaxed reserves Total At January 1, 2023 624,772 1,282,993 2,235,529 544,575 61,598 4,749,467 Appropriation of 2022 net income - - (349,884) (544,575) - (894,459) Share issues - (420) (420) 2023 net income - - - 272,053 - 272,053 AT DECEMBER 31, 2023 624,772 1,282,573 1,885,645 272,053 61,598 4,126,641 At the 2023 Annual Shareholders Meeting, shareholders approved the payment of a dividend of €1.25 per share, representing a total payout of €893 million after deducting the €2 million profit share allocated to the General Partners in accordance with the Bylaws.
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