(News Bulletin 247) – Orpea announces that its Board of Directors has studied the request to convene a General Meeting sent by a group of shareholders and has decided not to act on it, considering that this request is not ‘based on no legitimate basis’.
Orpea recalls that since March 24 it has been placed under the protection of the Nanterre Commercial Court, as part of an accelerated safeguard procedure.
‘The Commercial Code expressly provides that the draft safeguard plan is drawn up by the company with the assistance of the judicial administrators. This draft plan is then submitted to the vote of the classes of affected parties. Thus, the draft safeguard plan will be submitted to the vote of the shareholders’, indicates the company.
Orpea adds that its Board will continue to ensure that each of the next stages of the financial restructuring to take place is carried out ‘in full compliance with the applicable legal provisions, under the control of the appointed judicial administrators and the Commercial Court of Nanterre’.
The Company maintains the objectives set in the financial restructuring plan and continues to implement its Refoundation Plan, she said.
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