DELTA DRONE - Drawdown of two tranches of ORNAN of €1M of nominal value
02 Octobre 2020 - 6:00PM
DELTA DRONE - Drawdown of two tranches of ORNAN of €1M of nominal
value
Drawdown of two tranches of ORNAN of €1M
of nominal
value
Dardilly, 2 October 2020
In accordance with the authority granted to the
Board of Directors by the Extraordinary General Shareholders’
meeting of Delta Drone (the “Company”) dated 24
April 2020 pursuant to its sixth resolution, the Board of
Directors:
-
approved the principle of issuing 1 000 tranche warrants (the
“Tranche Warrants”), giving
access to 1 000 bonds redeemable in cash and/or new shares (the
“ORNAN”) with share subscription warrants attached
(the “Warrants”) upon exercise, to the investment
fund YA II PN, LTD (the “Investor”), a fund
managed by the US management company Yorkville Advisors,
representing a financing of up to €10M of aggregate nominal value;
and
- empowered
the Chairman and CEO to decide to launch this transaction, to
approve its final terms and conditions, to issue the Tranche
Warrants and to drawdown the tranches of ORNAN with Warrants
attached.
Pursuant to the sub-delegation of authority
granted to him by the Board of Directors on 28 April 2020, the CEO
decided today to drawdown the fourth and fifth tranche of ORNAN
with Warrants attached.The main characteristics of the Tranche
Warrants, ORNAN and Warrants (the terms and conditions of which are
available in detail on the Company’s website (www.deltadrone.com)
under the « Investors » tab) have been presented in a
press release dated 7 April 2020.In accordance with the financing
agreement entered into on 7 April 2020 with the Investor, two
tranches of ORNAN with Warrants attached of €1M of nominal value
has been drawdown today, corresponding to the issuance of 200 ORNAN
with 53 571 428 Warrants attached.
About Delta Drone: The Delta
Drone Group is an international player in the field of civilian
drones for professional use. It provides a range of professional
solutions specifically designed for targeted sectors, as well as a
complete selection of related services.Delta Drone is listed on
Euronext Growth Paris – ISIN code: FR0011522168Also listed on
Euronext Growth the warrants “BSA Y” – ISIN code: FR
0013400991
www.deltadrone.com
Contacts:
|
|
|
Jérôme
Gacoin |
Louise caetano |
+33 1 75
77 54 65 |
+33 1 55 02 15 13 |
jgacoin@aelium.fr |
l.caetano@open2europe.com Sarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |