Recent Conversion of Orion Corporation Shares Enhances Structure
Recent Share Conversion at Orion Corporation
On a recent date, a notable event occurred within Orion Corporation’s share structure, marking another important milestone in its continued journey as a reputable pharmaceutical company.
Conversion Details
In alignment with the provisions stated in the Articles of Association of Orion Corporation, 213,285 A shares were officially converted into 213,285 B shares. This action has been duly recorded in the Trade Register, reflecting the company’s ongoing commitment to optimizing its share distribution.
Impact on Total Share Count
Following this conversion, the overall share count of Orion Corporation stands at 141,134,278 shares. The new structure includes 32,974,309 A shares and an impressive 108,159,969 B shares. This development not only reshapes the share composition but also affects the voting rights, which now total 767,646,149 votes across the company’s shares.
Company Overview
Orion Corporation stands as a significant player in the global pharmaceutical landscape, with roots stretching back over a century. The firm specializes in developing, manufacturing, and distributing both human and veterinary pharmaceuticals alongside active pharmaceutical ingredients. Orion's dedication to healthcare innovation is evident in their diverse portfolio, which includes proprietary and generic medicines as well as consumer health products. Key therapeutic areas for Orion's research and development include oncology and pain management, with proprietary products offering solutions for cancer, neurological issues, and respiratory diseases.
Financial Performance
In the most recent financial year, Orion reported net sales amounting to EUR 1,190 million, demonstrating robust performance within a competitive market. The company also boasts a dedicated workforce of approximately 3,600 employees who contribute to its ongoing success and growth.
About the Leadership Team
Key figures within Orion Corporation play a vital role in driving the company’s strategic objectives and enhancing its operational performance. Notable personnel include René Lindell, Chief Financial Officer, and Olli Huotari, Senior Vice President of Corporate Functions. Their leadership ensures that Orion continues to innovate and thrive in the face of industry challenges.
Contact Information
For further inquiries, interested parties can reach out to Tuukka Hirvonen from the Investor Relations team at Orion Corporation via telephone at +358 10 426 2721. The company's headquarters is located at Orionintie 1A, FI-02200 Espoo, Finland.
Frequently Asked Questions
What prompted the conversion of A shares to B shares at Orion Corporation?
The conversion aimed to optimize share distribution and enhance the capital structure, providing greater flexibility and efficiency in the company's equity management.
What is the significance of the number of votes after the conversion?
Following the conversion, the total number of votes increased to 767,646,149, reflecting the restructuring of shares which can influence decision-making processes at shareholder meetings.
How does Orion Corporation contribute to the pharmaceutical industry?
Orion Corporation contributes through its expansive portfolio of both proprietary and generic pharmaceuticals, focusing on areas such as oncology and pain management while offering innovative solutions to medical challenges.
What can investors expect from Orion Corporation moving forward?
Investors can expect continued growth and resilience, as Orion Corporation remains committed to its vision of enhancing well-being through pharmaceutical innovation and leveraging its strong market position.
Where can I learn more about Orion Corporation?
For additional information about Orion Corporation, including financial updates and company news, you can contact their Investor Relations department or explore their official website.
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