Submitted by: Submitted by jgf36
Views: 312
Words: 691
Pages: 3
Category: Business and Industry
Date Submitted: 03/12/2013 08:27 AM
Question 1: Determine which stock exchange(s) Company Michelin is listed on, which annual/interim reporting requirements Company Michelin is subjected to and whether or not they comply with the applicable requirements.
Michelin is listed on the New York Stock Exchange in Paris (Compartment A, which means that the market capitalization is at least 1 billion and 25% of the share are traded). Its market ISIN code is FR 0000121261.
Market capitalization is worth 8.221 billion euros (for 180 018 897 shares, a nominal value 2€, 31 December 2011). The average daily trading volume was 1 246 389 shares in 2011.
Michelin is part of market indexes (1,41 % of the CAC 40 and 0,58 % of the Euronext 100 on December 31st 2011) and also the main ethical indexes (DJSI Stoxx and DJSI World ; ESI Europe ; ASPI Eurozone).
Michelin is required to publish the following reports: annual financial report, half-yearly financial report and quarterly financial information.
Additional information is mandatory when applicable: fees paid to statutory auditors; information on the breaching of thresholds, declarations and changes of intent; and information on shareholder agreements, transactions in the company’s securities by its officers and directors, lists of insiders… All this information is given in the document de référence.
In the following table are listed the mandatory publications for the FY 2011:
Entitled Announcement Publication
Annual Results 2010 (Document de référence) 11 Fev 2011 7 March 2011
Quarterly Financial Information at March 31, 2011 21 April 2011 21 April 2011
First Half 2011 Results 29 July 2011 29 July 2011
Quarterly Financial Information at September 30, 2011 26 Oct 2011 26 Oct 2011
Concerning the mandatory information Michelin has to publish, they comply with the regulations, and publish within the required time (within 4 months of year-end for Annual Results, 2 months for First Half, 45 days for Quarterly).
Question 2: Document the investor relations...