Project to Transform Korian (SA) Into a European Company (SE)
29 September 2021 - 8:54AM
Business Wire
Regulatory News:
Korian (Paris:KORI), the leading European care services company
for elderly and fragile people, informs its shareholders of the
decision of the Board of Directors, on 28 September 2021, to
propose a project to transform the corporate form of the Group
holding Company into a European company (Societas Europaea).
In the past 5 years, Korian has strongly developed its
activities at European scale and is now present in 7 countries, 6
of which are members of the European Union1. Since 2019, the Group
signed an agreement for the creation of a European Works Council,
the first in the sector. Since June 2020, the European Works
Council, which gathers together employee representatives from the
European Union countries where the Group is present, allows to
strengthen the social dialogue at the European level and encourage
best practice sharing particularly in relation to care and health
and safety at work.
The project to transform Korian SA into a European company,
which was presented for information to the members of the Korian’s
European Works Council at the beginning of September, as well as to
the representative bodies of the countries, according to the
applicable regulations, has received a favourable opinion from
these representative bodies.
This corporate form will allow Korian to benefit from a legal
framework in line with its values and culture as well as with its
economic foundation and to consolidate its actions already
undertaken at European scale in terms of governance, social
dialogue, training and skills development policies and relations
with its stakeholders.
Korian will remain governed by French law and listed on the
regulated market Euronext Paris. This change of corporate form will
not affect Korian's governance, activities, tax regime or
registered office. There will also be no impact on the Company's
employees and shareholders.
This transformation project will be submitted to shareholders at
Korian's combined General Meeting to be held on 2 June 2022.
In addition, in line with this change in the corporate form, the
Group has drawn up, on the basis of numerous contributions from its
employees throughout Europe and in discussion with the employees’
representative bodies, a new Ethics charter.
With this text, Korian and its employees from all countries of
the Group commit to act with ethic, caring and integrity in their
mission of caring for and supporting the elderly and fragile
people.
Next communication:
28 October 2021 – Turnover T3 2021
About Korian
Korian, the leading European care services group for elderly and
fragile people. www.korian.com
Korian has been listed on Euronext Paris
Section A since November 2006 and is included in the following
indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small
and MSCI Global Small Cap
Euronext ticker: KORI - ISIN: FR0010386334 –
Reuters: KORI.PA – Bloomberg: KORI.FP
1 The Korian Group is present in 7 countries in Europe: France,
Germany, Belgium, Italy, Spain, the Netherlands and the United
Kingdom. The United Kingdom is a third country in Europe since the
Brexit.
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INVESTOR RELATIONS Sarah Mingham VP Investor
Relations & Financing sarah.mingham@korian.com Tel: +33 (0)1 55 37 53 55
Carole Alexandre Deputy Head of Investor Relations
carole.alexandre@korian.com Tel: +33 (0)7 64
65 22 44
MEDIA
Jean-Marc Plantade Group Communications Director
jean-marc.plantade@korian.fr Tel: +33 (0)7 62
90 32 58
Cyrille Lachèvre Deputy Head of Press Relations
cyrille.lachevre@korian.fr Tel: +33 (0)7 61
53 54 86
Marjorie Castoriadis Head of Media Relations
marjorie.castoriadis@korian.fr Tel: +33 (0)7
63 59 88 81