Brief: Orpea Launches Share Capital Increase For About EUR 3.9 Billion

Emeis SA

13/11/2023 06:36

Nov 13 (Reuters) - Orpea SA  ORP.PA :
    * LAUNCH OF A SHARE CAPITAL INCREASE WITH SHAREHOLDERS’
PREFERENTIAL SUBSCRIPTION  RIGHTS FOR AN AMOUNT OF APPROXIMATELY
EUR 3.9 BILLION
    * SUBSCRIPTION PRICE: EUR 0.0601 PER NEW SHARE
    * SUBSCRIPTION RATIO: 999 NEW SHARES FOR 1 EXISTING SHARE
    * TRADING PERIOD FOR PREFERENTIAL SUBSCRIPTION RIGHTS: FROM
NOVEMBER 14 TH TO NOVEMBER 23 RD ,  2023 INCLUSIVE
    * SUBSCRIPTION PERIOD: FROM NOVEMBER 16TH TO NOVEMBER 27 ,
2023
INCLUSIVE
    * CAPITAL INCREASE BACKSTOPPED BY THE UNSECURED CREDITORS OF
THE
COMPANY SUBSCRIBING, IF  APPLICABLE, BY WAY OF SET-OFF AGAINST
THEIR CLAIMS
    * NEW SHARES TO BE ISSUED AS PART OF EQUITIZATION CAPITAL
INCREASE
IS 3.38 TIMES HIGHER THAN  SUBSCRIPTION PRICE OF NEW SHARES TO
BE ISSUED AS PART OF GROUPEMENT CAPITAL INCREASE

Source text: https://tinyurl.com/yz458jys
Further company coverage:  ORP.PA 

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