PARIS (Reuters) – Orpea’s board of directors has received no formal request to call a general meeting of shareholders, a spokeswoman for the retirement home group told Reuters on Tuesday.
If such a request were to be made, the board of directors would examine it taking into account the social interest and the solidity of the plan, she added.
The Orpea share has been climbing for several days on the stock market after press reports reporting a request from a group of minority shareholders, the Adamo association, to convene a general meeting.
In a press release published on Monday, Adamo, which holds 5.52% of the capital of Orpea, confirmed that it was “solemnly requesting the holding without delay” of a general meeting of shareholders of the group.
The association challenges the safeguard plan presented by Orpea, in turmoil since accusations of ill-treatment of its residents and financial embezzlement, which results in a strong dilution for shareholders due to planned capital increases.
In an e-mail sent to Reuters, Adamo specifies having written on Friday to the general manager, Laurent Guillot, and to the chairman of the board of directors, Guillaume Pépy, to announce to them that the association intends to request the appointment of an administrator to the court. Commerce of Nanterre to obtain a general meeting.
On the Paris Stock Exchange, Orpea shares climbed 14.6% on Tuesday to 3.50 euros at 12:45 GMT, after jumping more than 13% on Monday and more than 11% last Thursday and Friday.
(Report Diana Mandia, Blandine Hénault for the with the contribution of Matthieu Protard, edited by Bertrand Boucey)
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