Faced with the unusual movements observed in its share price in recent days, ORPEA recalls that, in accordance with the announcements made in the press releases at the end of last year, the Group has embarked on the negotiation of a drastic financial restructuring involving a capitalization 3.8 billion euros in unsecured debt of ORPEA SA and a capital increase of between 1.3 and 1.5 billion euros to finance its Refoundation Plan and achieve a sustainable financial structure.
ORPEA recalls that the implementation of these capital increases will result in massive dilution for existing shareholders who decide not to participate.
Discussions are still ongoing between ORPEA, its financial creditors and third-party investors as part of the amicable conciliation procedure opened by the President of the Nanterre Specialized Commercial Court, under the aegis of the conciliator. The Company cannot give any guarantee as to the outcome of these discussions.
The Company will continue to inform the market through its institutional communication, in compliance with its legal and regulatory obligations.
To receive all of ORPEA’s financial information in real time, send a request by email to [email protected]. Your registration will be immediate.