Korian increases conversion rate of 2.5% convertible Odirnanes

By Wendy Van Sickle

Columbus, Ohio, June 28 – Korian increased the conversion ratio of its 2.5% convertible bonds in the Odirnane structure to 1.021 company shares per Odirnane from 1 share per for Ordinane, according to a press release.

The adjustment is the result of a dividend of €0.60 per Korian share approved at the general shareholders meeting on June 14.

The ex-dividend date was June 21, and the dividend will be paid on July 16.

The new conversion ratio became effective on June 21.

Korian is a Paris-based care and support services provider for the elderly.

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