ORPEA: response to the open letter from Nextstone Capital and Mat Immo Beaune – 2022-11-10 at 07:30


ORPEA took note, at the same time as the market, of the open letter published by Nextstone Capital and Mat Immo Beaune, two shareholders presenting themselves as acting in concert and representing together less than 3% of the capital and voting rights.

Given the many untruths contained in this letter, ORPEA intends to reestablish the reality of the facts with the market and notes that this letter is written in disregard of the market recommendations governing shareholder activism.

The Company notes that even before the presentation of ORPEA’s transformation plan of November 15, these two minority shareholders engage in a public criticism of the Group’s strategic orientations, presented in the form of allegations, in support of a thesis which does not aims only at the dismantling of the Group. ORPEA would like to point out that it has taken all the necessary means to carry out the transactions envisaged by the conciliation protocol of June 2022. The Company had moreover held advanced discussions with real estate investors on asset disposals before even the approval of this protocol. These negotiations have been actively pursued but have not, for the most part, succeeded to date due to the deterioration of the macro-economic context and the particular situation of the Group.

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