Orpea Group increases conversion rates on its Oceanes, Ornanes

By Tali Rackner

Norfolk, Va., July 9 – Orpea Group adjusted the conversion ratios on its bonds convertible into and/or exchangeable for new or existing shares (Oceanes) and its net share settled bonds convertible and/or exchangeable (Ornane), according to a press release.

The rate for the Oceanes was adjusted to 1.122 from 1.071 Orpea shares for 1 Oceane.

The rate for the Ornanes was adjusted to 1.032 from 1.017 Orpea shares for 1 Ornane.

The change, effective Tuesday, is a result of a dividend of €0.70 per Orpea share.

Paris-based Orpea owns and operates health care facilities in Europe.

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