05 Financial performance 2024 consolidated financial statements 15.1 Share capital and share premiums Changes in share capital and share premiums are analyzed in the table below: (in € millions) Share capital Share premiums Total At January 1, 2023 357 2,702 3,059 Issuance of shares - - - Cancellation of shares - - - Other - - - At December 31, 2023 357 2,702 3,059 Issuance of shares 3 119 122 Cancellation of shares (7) (495) (502) Other - - - AT DECEMBER 31, 2024 353 2,326 2,679 The €122 million reported under “Issuance of shares” for 2024 mainly concerned the October 29, 2024 Bib'Action employee share ownership plan (note 8.2.2). At December 31, 2024, initial employment payments received for shares purchased under the plan amounted to €37 million. This amount is shown in the consolidated statement of cash flows under “Proceeds from issuance of shares”. The balance corresponds for €41 million to matching payments by the Group and for €43 million to the balance payable by employees in 2025. Changes in outstanding shares are analyzed in the table below: (number of shares) Shares issued Treasury shares Shares outstanding At January 1, 2023 714,117,414 - 714,117,414 Issuance of shares 840,651 - 840,651 Share buybacks - 34,529 34,529 Sales of treasury shares - (34,368) (34,368) Cancellation of shares - - - Other - - - At December 31, 2023 714,958,065 161 714,958,226 Issuance of shares 5,266,149 - 5,266,149 Share buybacks - (14,476,942) (14,476,942) Sales of treasury shares - - - Cancellation of shares (14,477,103) 14,476,942 (161) Other 161 (161) - AT DECEMBER 31, 2024 705,747,272 - 705,747,272 The 2023 dividend paid to shareholders in 2024 was €1.35 per share. The dividend was paid in full in cash for a net amount of €961 million (2023: €893 million). The Managing Chairman will propose that shareholders approve the payment of a 2024 dividend in 2025 of €1.38 per share. 411 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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