24 July (Reuters) – Orpea SA ORP.PA:
* THE SPECIALIZED COMMERCIAL COURT OF NANTERRE APPROVES THE ACCELERATED SAFEGUARD PLAN PROPOSED BY THE COMPANY
* THE IMPLEMENTATION OF THE CAPITAL CONVERSION OF THE ENTIRE UNSECURED DEBT FOLLOWED BY CASH CONTRIBUTIONS IN THE AMOUNT OF 1.55 BILLION EUROS WILL START UPON COMPLIANCE OF ITS LAST CONDITION SUSPENSIVE
* THE DECISION IN THIS MATTER WILL BE TAKEN BY THE PARIS COURT OF APPEAL DURING THE LAST QUARTER OF 2023
* THE COMPANY RECALLS THAT THESE CAPITAL INCREASES WILL LEAD TO A MASSIVE DILUTION FOR EXISTING SHAREHOLDERS IF THEY DO NOT PARTICIPATE IN THEM
* IN THE ABSENCE OF ANY REINVESTMENT, APPROXIMATELY 0.04% OF THE CAPITAL, THE THEORETICAL VALUE OF THE SHARE IN THIS FRAMEWORK RESULTING AT 0.02 EURO
Original text on Eikon For more details, click on ORP.PA
(Editor from Gdansk)
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