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Project to transform Korian (SA) into a European company (SE)

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PARIS–(COMMERCIAL THREAD) – Regulatory news:

Korian (Paris: KORI), European leader in care services for the elderly and frail, informs its shareholders of the decision of the Board of Directors, on September 28, 2021, to propose a project to transform the corporate form of the Holding du Group into a European company (Societas Europaea).

Over the past 5 years, Korian has strongly developed its activities on a European scale and is today present in 7 countries, including 6 members of the European Union.1. Since 2019, the Group has signed an agreement for the creation of a European Works Council, the first in the sector. Since June 2020, the European Works Council, which brings together employee representatives from the countries of the European Union where the Group is present, has made it possible to strengthen social dialogue at European level and encourage the sharing of best practices, in particular by health and safety at work.

The project to transform Korian SA into a European company, which was presented for information to the members of Korian’s European Works Council at the beginning of September, as well as to the representative bodies of the countries, according to the regulations in force, received a favorable opinion. of these representative bodies.

This form of company will allow Korian to benefit from a legal framework in line with its values ​​and culture as well as its economic base and to consolidate its actions already undertaken at European level in terms of governance, social dialogue, training and skills development policies and relations with its stakeholders.

Korian will remain governed by French law and listed on the regulated market of Euronext Paris. This change in corporate form will not affect Korian’s governance, activities, tax regime or head office. There will also be no impact on the employees and shareholders of the Company.

This transformation project will be submitted to shareholders at Korian’s Combined General Meeting to be held on June 2, 2022.

In addition, in line with this change of form, the Group has drawn up, on the basis of numerous contributions from its employees throughout Europe and in consultation with employee representative bodies, a new ethics charter.

With this text, Korian and its employees in all the countries of the Group undertake to act with ethics, benevolence and integrity in their mission of care and support for the elderly and frail.

Next communication:

October 28, 2021 – Q3 2021 revenue

About Korian

Korian, the leading European group providing care services for the elderly and frail. www.korian.com

Korian has been listed on Euronext Paris Section A since November 2006 and is part of the following indices: SBF 120, CAC Health Care, CAC Mid 60, CAC Mid & Small and MSCI Global Small Cap

Euronext symbol: KORI – ISIN: FR0010386334 – Reuters: KORI.PA – Bloomberg: KORI.FP

1 The Korian Group is present in 7 countries in Europe: France, Germany, Belgium, Italy, Spain, the Netherlands and the United Kingdom. The UK is the third country in Europe since Brexit.