France’s Orpea Group tweaks conversion rate on Ornanes for dividend

By Susanna Moon

Chicago, July 11 – Orpea Group adjusted the conversion ratios on its Ornanes, or net share settled bonds convertible into new shares or exchangeable for existing shares.

The conversion ratio was adjusted to 1.068 shares for one Ornane, from 1.057 shares, as of July 7, according to company announcement.

The change follows the shareholder meeting held June 22, where Orpea distributed a dividend of €1.00 per Orpea share with a dividend ex-date of July 7, the release noted.

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

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