Annual Shareholders Meeting of May 16, 2025 Report of the Managing Chairman and proposed resolutions 07 15th resolution - EXPLANATORY STATEMENT n Powers The purpose of the 15th resolution is to give powers to carry out the formalities related to the Annual Shareholders Meeting. Fifteenth resolution n (Powers to carry out formalities) The shareholders give full powers to the bearer of an original, copy or extract of the minutes of this Ordinary and Extraordinary Shareholders Meeting to carry out all legal and administrative formalities and to make all filings and publish all notices required by the applicable laws. Summary of financial authorizations submitted for shareholder approval Capital reduction by canceling shares (14th resolution) 10% of the issued capital 24 months (May 2027) Share buyback program (5th resolution) 70 million shares at a maximum price of €55 per share 18 months (November 2026) 500 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
RkJQdWJsaXNoZXIy NzMxNTcx