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Regulatory News: ORPEA (Paris:ORP): Availability of the independent expert's report The shareholders are informed of the publication of the report dated 24 May 2023 of SORGEM Evaluation, which acted as an independent expert with the task of giving an opinion, in accordance with Article 261-3 of the Règlement Général of the Autorité des marchés financiers , on the fairness of the proposed financial restructuring of the Company for the shareholders of the Company. The independent expert's...

Regulatory News: ORPEA (ISIN code: FR0000184798) announces having concluded today a first amendment to the liquidity and market surveillance contract entered into on 30 November 2022 with Natixis ODDO BHF SCA. This amendment complies with the Autorité des Marchés Financiers (AMF) decision no. 2021-01 dated 22 June 2021 related to the establishing of liquidity contracts on shares as accepted market practice. Within the limits of the AMF decision no. 2021-01 dated 22 June 2021, ORPEA decides to...

Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230511006000/en/ ORPEA Group (Paris:ORP) announces its consolidated results 1 for the 2022 financial year ended 31 December 2022, approved yesterday by the Board of Directors, as well as its revenues for the 1 er quarter 2023. Laurent Guillot, Chief Executive Officer, comments: "The 2022 financial statements reflect the profound reorganization and the scale of the change...

Regulatory News: ORPEA’s (Paris:ORP) Board of Directors has reviewed the request to convene a General meeting made by a group of shareholders. Since March 24, the Company has been placed under the protection of the Commercial Court of Nanterre, which has opened an accelerated safeguard procedure to this end. In this context, the Commercial Code (as amended by the Order dated September 15, 2021 transposing the Directive of June 20, 2019) expressly provides that the draft safeguard plan is drawn...

Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230324005374/en/ ORPEA S.A. (Paris:ORP) (the “ Company ”) announces the opening today of an accelerated safeguard procedure by the specialised Commercial Court of Nanterre, accompanied by an initial observation period set at 2 months, which may be renewed for two additional months without exceeding a total duration of 4 months maximum. The purpose of initiating this...

Regulatory News: Further to the press release of 8 March 2023 of ORPEA S.A. (Paris:ORP) (the “ Company ”), the Company has finalized and signed with its main banking partners (BNP Paribas, Groupe BPCE, Groupe Crédit Agricole, Groupe Crédit Mutuel Alliance Fédérale, La Banque Postale and Société Générale) an agreement ( accord d’étape dans la perspective de l’ouverture d’une sauvegarde accélérée ) setting forth the terms and conditions of an additional financing and the...

Regulatory News: ORPEA S.A. (Paris:ORP) (the “ Company ”) announces that as of 10 March, which is the longstop date to accede to the lock-up agreement relating to the financial restructuring of the Company concluded on 14 February 2023 with, on the one hand, a group of French long-term investors led by the Caisse des Dépôts, accompanied by CNP Assurances, MAIF and MACSF, and, on the other hand, five institutions holding unsecured debt of the Company (the “ SteerCo ”) 1 , approximately...

Regulatory News: Further to the press release of 6 March 2023 of ORPEA S.A. (Paris:ORP), the Company continued its discussions with its main banking partners, which has enabled to set the terms of the agreement in principle, detailed below. This agreement in principle is a major step in the implementation of the group's financial restructuring in view of the opening of an accelerated safeguard procedure in the course of March. It will allow, subject to obtaining the agreement of the credit...

Regulatory News: ORPEA S.A. (The " Company ") (Paris:ORP) announces the continuation of its financial restructuring within the planned timetable and, as such, welcomes the convergence of its main banking partners on the principles of an agreement concerning the establishment of an additional financing and the adjustment of the financing documentation of June 2022. These banking partners intend to participate to the implementation of this additional financing and to the amendment of the financing...

Regulatory News: ORPEA S.A. (Paris:ORP) (the “ Company ”) announces that the amicable conciliation procedure opened on October 25, 2022 by the President of the specialized Commercial Court of Nanterre, under the aegis of Hélène Bourbouloux as conciliator, and initially scheduled to end after a 4-month Period (i.e. 25 February 2023), has been extended for an additional period of one month at the request of the conciliator, until 25 March 2023. It is specified that no further extension can...

Regulatory News: A further new important step in the financial restructuring of ORPEA S.A. (Paris:ORP) (the “ Company ”) has been achieved with the signing of an agreement that crystallizes the commitment of the parties to the agreement in principle announced on 1 st February (the “ Agreement in Principle ”) to support and proceed with the actions required for the implementation of the financial restructuring of the Company. Therefore, the Company announces that it has concluded such...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Orpea SA - ORPEF PR Newswire NEW YORK, Feb. 13, 2023 NEW YORK , Feb. 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Orpea SA ("Orpea" or the "Company") (OTCMKTS: ORPEF). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Orpea and certain of its officers and/or directors have...

Regulatory News: The ORPEA Group (Paris:ORP) today announces its revenues (unaudited figures) for the year ended 31 December 2022 and provides an update on its financial debt and its ongoing financial restructuring. Revenue growth remained solid in the fourth quarter with an increase of +7.7% of which +5.7% was organic. For the full year 2022, revenue growth was +8.9% of which +5.5% organic, leading to a revenue for the period of 4,681 million euros in line with that presented on 15 November as...

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Orpea SA (“Orpea” or the “Company”) (OTCMKTS: ORPEF). Investors who purchased Orpea securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/orpef . The investigation concerns whether Orpea has violated federal securities laws. On January 24, 2022, French newspaper Le Monde published an article...

Regulatory News: ORPEA S.A. (Paris:ORP) (the " Company ") has been notified that the Canadian Pension Plan Investment Board (" CPPIB ") has crossed downwards the legal thresholds of (i) 20% and 15% of the voting rights, (ii) 10% of the share capital and voting rights and (iii) 5% of the share capital of the Company, following the sale on the market by CPPIB of 7,424,188 ORPEA shares, between 2 February and 7 February 2023. Following this sale, CPPIB (which held 14.50% of the share capital and...

Regulatory News: ORPEA SA (Paris:ORP) (the “ Company ”) takes note, on the basis of the minutes of the conclusions of the discussions between the parties established by the conciliator in the context of the conciliation procedure, that an agreement in principle 1 on a financial restructuring plan (the “ Agreement in Principle ”), has been reached between the Company and, on the one hand, a group of French long-term investors led by the Caisse des Dépôts et Consignations, accompanied by...

Regulatory News: ORPEA (Paris:ORP): The Company announces that the discussions between the Company, a group of French third-party investors led by the Caisse des Dépôts et Consignations and a group of unsecured financial creditors holding approximately 50% of the Company’s €3.8 billion unsecured debt have resumed. In addition, the Company has requested from Euronext Paris the suspension of the listing of its shares and all its debt securities, pending the publication of a press release....

Regulatory News: As indicated in its press release published on 11 January 2023 and in accordance with the announcements made in the press releases published during the end of last year, ORPEA (Paris:ORP) has continued over the last few days its discussions with a consortium of French third-party investors led by the Caisse des Dépôts et Consignations and a group of unsecured financial creditors holding approximately 50% of the Company’s €3.8 billion unsecured debt. These discussions have...

Regulatory News: Considering the unusual evolution of its share price observed over the last days, ORPEA (Paris:ORP) reminds that, in accordance with the announcements made in the press releases published at the end of last year, the Group has engaged in the negotiation of a drastic financial restructuring comprising the equitization of €3.8 bn of ORPEA SA's unsecured debt and a share capital increase for an amount between €1.3 bn and €1.5 bn in order to finance its Refoundation Plan and...

Regulatory News: Two new drawings totaling €205 million were made by ORPEA (Paris:ORP) at the end of December 2022. The amounts drawn correspond to the A4 Loan, used in full, and the balance of the B Loan. The situation of the drawings on the various lines of these financings is summarized in the table below: Loans A1 A2/A3 A4 B TOTAL (A+B) C (C1+C2) (2) Principal (€m) (1) 700 600 200 229 1 729 1 500 Situation as of 30/06/2022 Drawings 689 198 0 0 887 0 Undrawn amount 11 402 200 229 842 0...