Orpea announced last night that it had completed the reverse stock split as part of its financial restructuring.

The retirement home operator, which this week announced its intention to change its name to emeis, said that 1,000 old shares with a par value of 0.01 euros had been exchanged for one new share with a par value of ten euros.

In total, 159.19 billion old shares were exchanged for 159.19 million new shares.

The new shares were admitted to trading on Euronext Paris this morning. On this first day of trading, the shares were up by almost 6%, not far from 13.7 euros.

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