Intelligence Feed event · Equity · 2026-10-08

    Michelin Repurchases 202k Shares via OTC Banking Syndicate

    Question

    Michelin Repurchases 202k Shares via OTC Banking Syndicate

    Direct answer

    Compagnie Générale des Établissements Michelin disclosed the repurchase of 202,417 shares on October 8, 2026, under its corporate share buyback mandate. The repurchases were cleared at an average execution price of €32.3318 per unit across three delegated European investment service providers.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-08
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Michelin Repurchases 202k Shares via OTC Banking Syndicate”, revision 1, evidence through 2026-10-08. https://marketontology.com/market-events/2026-10-08/michelin-repurchases-202k-shares-via-otc-banking-syndicate-1db41f

    EQUITY
    Michelin Repurchases 202k Shares via OTC Banking Syndicate
    Compagnie Générale des Établissements Michelin disclosed the repurchase of 202,417 shares on October 8, 2026, under its corporate share buyback mandate. The repurchases were cleared at an average execution price of €32.3318 per unit across three delegated European investment service providers.
    MGDDY
    Impact
    52
    OCT 8
    SIG
    90%
    MGDDY
    Michelin Repurchases 202k Shares via OTC Banking Syndicate
    Compagnie Générale des Établissements Michelin disclosed the repurchase of 202,417 shares on October 8, 2026, under its corporate share buyback mandate. The repurchases were cleared at an average execution price of €32.3318 per unit across three delegated European investment service providers.
    → Execution of €6.5 million in OTC share buybacks absorbs secondary float and reduces Michelin's total diluted share count.
    Impact
    Compagnie Générale des Établissements Michelin disclosed the repurchase of 202,417 shares on October 8, 2026, under its corporate share buyback mandate. The repurchases were cleared at an average execution price of €32.3318 per unit across three delegated European investment service providers.
    Affected
    MGDDY
    Transmission
    Execution of €6.5 million in OTC share buybacks absorbs secondary float and reduces Michelin's total diluted share count.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    MGDDYfloat reduction via corporate share repurchaseUp1-5dMichelin repurchased 202,417 ordinary shares at a weighted average price of €32.3318.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    MGDDYUpagreed18.62 2026-10-08+0.54%PendingPending

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

    No verifiable public source recorded for this card.

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