On Monday, Orpea unveiled the technical details of its share consolidation, an operation which follows the collapse of its share price over the last two years and its recent restructuring.
The project will result in the allocation of one new ordinary share for 1,000 old ordinary shares, and a thousand-for-one split of the number of shares making up the company's share capital.
The consolidation operations are scheduled to begin on February 20, subject to completion of the last capital increase on that date.
The new shares resulting from the reverse split will be listed on Euronext Paris from March 22, the first day of trading, and will be assigned a new ISIN code.
After trading at around 5.5 euros at the beginning of 2022, Orpea's share price collapsed following the revelations of the book-investigation 'Les Fossoyeurs' published in January 2022, reaching a low of 0.01 in recent months, resulting in an extremely dilutive refinancing plan.
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ORPEA is the European leader in global dependency care. The group operates retirement homes, follow-up care clinics, and psychiatric clinics.
At the end of 2022, ORPEA had a network of 992 facilities (90,860 beds) located in France (358 facilities; 33,462 beds), Benelux/the United Kingdom/Ireland (193 facilities; 10,708 beds), Central Europe (237 facilities; 23,765 beds), Eastern Europe (124 facilities; 12,764 beds), the Iberian Peninsula and Latin America (79 facilities; 10,007 beds) and China (1 facility; 154 beds)
The group has a real estate portfolio of nearly 2.3 million m2 with a value of EUR 6,500 million.
Net sales are distributed geographically as follows: France/Benelux/the United Kingdom/Ireland (59.9%), Central Europe (25.6%), Eastern Europe (9.3%), Iberian Peninsula and Latin America (5.1%) and other (0.1%).
ORPEA 
