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Korian and Medica merger completed


Tuesday, 18 Mar 2014 02:27pm EDT 

Korian SA:Says mixed Shareholders' Meetings of Korian and Medica approved absorption of Medica by Korian with exchange ratio of 10 Korian shares for 11 Medica shares.Merger date to be set as March 18.Korian increased its capital by 217,746,300 euros, up to 391,944,365 euros from 174,198,065 euros, applying the exchange ratio and creating 43,549,260 new shares allocated to Medica's shareholders, due for delivery/payment on March 24.Total number of shares to be increased up to 78,373,873.Medica‚Äôs shares listing to be suspended on Euronext Paris from March 19.Existing Korian shares to remain listed, renamed Korian-Medica from March 24.Medica's shares to be subsequently removed from Euronext Paris. 

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