MoneyLion (US:ML) Globenewswire·2025-09-08 15:45Core Viewpoint - Michelin has launched a new global employee share ownership plan named "BIB'Action 2025," aimed at enhancing employee shareholding and aligning employee interests with the company's value creation [2][3]. Summary by Sections Employee Share Ownership Plan - The new plan is open to approximately 115,000 eligible active employees across 44 countries, continuing Michelin's tradition of offering employee share ownership plans since 2002 [2]. - The goal is for 4% of Michelin Group's shares to be held by employees by 2030, with annual offerings of BIB'Action plans being a key strategy to achieve this [3]. Subscription Details - The subscription period for the BIB'Action 2025 plan is set from September 10, 2025, to September 25, 2025 [3]. - The subscription price is established at €22.19, which represents a 30% discount from the reference price based on the average opening prices over the preceding 20 trading days [4]. Share Acquisition and Benefits - Employees can acquire up to 2,000 shares, with the company providing free shares based on the number of shares subscribed: 1 free share for every share subscribed up to 5 shares, and 1 free share for every 5 shares subscribed from 6 to 55 shares [8]. - Employees participating in the plan will have voting rights at the Shareholders Meeting in May 2026 and will receive dividends as approved by that meeting [5]. Regulatory and Lock-Up Period - The shares acquired through this plan will be subject to a five-year lock-up period, starting from the date of the rights issue on October 28, 2025, unless an early release is permitted [11]. - The rights issue is authorized to increase the company's capital by up to a maximum of 7,000,000 shares [9].