(News Bulletin 247) – The Concert’O shareholder group announced Thursday evening that it was ready to join in any request aimed at taking legal action in order to obtain the convening of a general meeting of Orpea, after the latter’s refusal to bring together its shareholders.
‘The board of directors and its members have duties, in particular social’, recalls the association, which has been opposed for several months to a project to increase capital deemed ultra-dilutive.
‘Refusing a general meeting to avoid having to report to the shareholders and discarding themselves with fallacious explanations, is not worthy of their mission in the situation in which Orpea finds itself after the scandals revealed more than a year ago an’, adds Concert’O.
These statements come as the operator of retirement homes wrote to some shareholders of the association that the alternative project carried by minority shareholders and unsecured creditors was not viable.
Last month, Orpea announced that it had decided not to follow up on the request to hold a general meeting, considering that this request was based on “no legitimate basis”.
From Concert’O’s point of view, this position does not reflect reality and aims to favor the entry of CDC, MAIF and CNP into the company’s capital ‘at low cost’ and ‘without allowing current shareholders to to be able to finance themselves the company which belongs to them’.
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