06 Investor relations Share information 6.2.4 CAPITAL AND OWNERSHIP STRUCTURE At December 31, 2024, Michelin’s share capital amounted to €352,873,636. At December 31, 2024 At December 31, 2023 At December 31, 2022 Number of shareholders Shares outstanding Voting rights outstanding Number of shareholders Shares outstanding Voting rights outstanding Number of shareholders Shares outstanding Voting rights outstanding French institutional investors 4,311 20.6% 23.6% 4,497 20.4% 24.0% 4,509 22.8% 25.7% Non-resident institutional investors 65.8% 61.5% 67.0% 61.8% 64.7% 59.7% Individual shareholders (including former employees) 173,611 11.0%(1) 12.2% 170,391 10.5% 11.9% 156,694 10.3% 12.1% Employee share ownership plan 80,261 2.6% 2.7% 71,621 2.1% 2.3% 77,557 2.2% 2.5% TOTAL 258,183 705,747,272 SHARES(2) 998,581,514 VOTING RIGHTS 246,509 714,958,226 SHARES(2) 990,275,053 VOTING RIGHTS 238,760 714,117,414 SHARES(2) 978,544,459 VOTING RIGHTS (1) The 1.2% of outstanding shares owned by former employees at December 31, 2024 has been included in the percentage of shares held by individual shareholders. (2) All fully paid up. In accordance with the Company Bylaws, shares held in the same name for at least four years carry double voting rights. To the Company’s knowledge, no material portion of its issued capital has been pledged. 471 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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