ORPEA'S RESPONSE TO THE PUBLIC STATEMENT FROM NEXTSTONE CAPITAL AND MAT IMMO BEAUNE
10 November 2022 - 07:30AM
ORPEA (Paris:ORP) has become aware, simultaneously with the
market, of the statement published by Nextstone Capital and Mat
Immo Beaune, two shareholders claiming to be acting in concert and
together representing less than 3% of the share capital and voting
Given the numerous misleading statements contained in this
letter, ORPEA intends to restore the accuracy and reality of the
facts for the market and notes that this statement is made in
disregard of the main market stance on shareholder activism.
The Company notes that even before the presentation of ORPEA's
transformation plan on 15 November, these two minority shareholders
are publicly criticizing the Group's strategic orientations in the
form of allegations, in support of a thesis that only aims at
dismantling the Group.
ORPEA wishes to emphasize that it has put all the necessary
resources to complete the operations anticipated by the
conciliation protocol (protocole de conciliation) dated June 2022.
Besides, the Company was in advanced discussions with real estate
investors on asset disposals even before the approval
(homologation) of this protocol. These negotiations have been
actively pursued but have not, for most of them, been successful to
date due to the deterioration of the macro-economic context and the
Group's particular situation.
Moreover, the request to convene a shareholders’ general
meeting, more importantly without any provided agenda, is not
driven by ORPEA's corporate interest (intérêt social).
Finally, the Company reiterates that it has always disclosed the
sensitive information it holds and reaffirms that it acts solely in
the corporate interest of the firm and its stakeholders.
The Company reserves all rights of actions with regard to the
false, serious and/or defamatory allegations contained in the
letter of these two minority shareholders.
As already announced, ORPEA will present its transformation plan
on 15 November, the aim of which is to ensure its sustainability
and future development.
ORPEA is a leading global player, expert in the care of all
types of frailty. The Group operates in 22 countries and covers
three core businesses: care for the elderly (nursing homes,
assisted living, home care), post-acute and rehabilitation care and
mental health care (specialized clinics). It has more than 71,000
employees and welcomes more than 255,000 patients and residents
ORPEA is listed on Euronext Paris (ISIN: FR0000184798) and is a
member of the SBF 120, STOXX 600 Europe, MSCI Small Cap Europe and
CAC Mid 60 indices.
version on businesswire.com: https://www.businesswire.com/news/home/20221109006110/en/
Investor Relations ORPEA Benoit Lesieur Investor
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Tel.: +33 (0)6 78 37 27 60 firstname.lastname@example.org Toll free tel. nb
for shareholders: +33 (0) 805 480 480
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