DELTA DRONE - Drawdown of 1 tranche of ORNAN of €1M of nominal value
January 28 2022 - 1:42PM
DELTA DRONE - Drawdown of 1 tranche of ORNAN of €1M of nominal
value
Drawdown of 1 tranche of ORNAN of €1M of
nominal value
Dardilly, 28 January 2022 –7.30 pm
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 dated 14th
October 2020:
-
approved the principle of issuing 2 500 tranche warrants (the
“Tranche Warrants”), giving access to 2 500 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 €25M 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 1 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 14 October 2020.In accordance with the financing agreement
entered into on 14 October 2020 with the Investor, 1 tranche of
ORNAN with Warrants attached of €1M of nominal value has been
drawdown today, corresponding to the issuance of 100 ORNAN with 312
500 000 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 |
Marie-Laure Laville |
+33 1 75
77 54 65 |
+33 1 55 02 15 13 |
jgacoin@aelium.fr |
ml.laville@open2europe.com Sarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
- 20220128_PR_DELTADRONE_Ornan