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30.07.21 Creation of Korian France Site Web 0.Pdf PRESS RELEASE Paris, 30 July 2021 Creation of Korian France Korian announces the creation of Korian France, its subsidiary dedicated to managing the Group's operational activities in France. Korian France is the result of a partial asset contribution (apport partiel d’actif) from Korian to Korian France of its "France support functions" (the “Contribution”), a business transfer (cession de fonds de commerce) from Medica France to Korian France and several contributions in kind of shares from Korian to Korian France. The Contribution and the business transfer will be effective on 1st August 2021, at zero hour, and the contributions in kind on 15 August 2021 at the latest. Pursuant to Articles L. 236-18 and L. 228-65, I, 3° of the French Commercial Code and the terms and conditions of the subscription agreements, Korian’s bondholders who have to deliberate on the contemplated Contribution have been consulted. The contemplated Contribution has been approved by all abovementioned bondholders except the holders of €400,000,007.82 bonds convertible into new shares and/or exchangeable for existing shares due 6 March 2027 issued on 6 March 2020 (the “OCEANE”) and the holders of €300,000,014.51 2.50 per cent undated unsubordinated unsecured bonds convertible into new shares and/or exchangeable for existing shares due 31 December 2022 issued on 3 July 2017 and 21 September 2018 (the “ODIRNANE”). Therefore, and given the circumstances, Korian’s Board of Directors held on 29 July 2021 decided to override the non-approval of the contemplated Contribution by the aforementioned bondholders and to carry out the Contribution (the “Decision”) pursuant to the provisions of Article L. 228-73 of the French Commercial Code. Under the conditions of Articles L. 236-14 of the French Commercial Code, each general meeting of the OCEANE holders and the ODIRNANE holders can, if they please, give a mandate to representatives of the masse concerned to fill an opposition to the contemplated Contribution. Pursuant to Articles R. 228-79 first subparagraph and R. 228-80 of the French Commercial Code and to specific terms and conditions of the subscription agreements, the Decision has been published on EUROCLEAR, in the “Bulletin des annonces légales obligatoires” and on Korian website. The aforementioned potential opposition will have to be carried out within the 30 days following the date hereof. Next communication: 28 October 2021 – Revenue Q3 2021 1 PRESS RELEASE About Korian Korian, the leading European care services group for elderly and fragile people. www.korian.com Korian has been listed on Euronext Paris Section A since November 2006 and is included in the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap Euronext ticker: KORI - ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP INVESTOR RELATIONS Sarah Mingham Carole Alexandre VP Investor Relations Deputy Head of & Financing Investor Relations [email protected] [email protected] Tel: +33 (0)1 55 37 53 55 Tel: +33 (0)7 64 65 22 44 MEDIA CONTACTS Jean-Marc Plantade Cyrille Lachèvre Marjorie Castoriadis Head of Press Relations Deputy Head of Press Relations Head of Media Relations [email protected] [email protected] [email protected] Tel: +33 (0)7 62 90 32 58 Tel: +33 (0)7 61 53 54 86 Tel: +33 (0)7 63 59 88 81 2 .
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