Delta Drone - Drawdown of 1 tranche of ORNAN of €0.5M of nominal value
February 28 2022 - 1:30PM
Delta Drone - Drawdown of 1 tranche of ORNAN of €0.5M of nominal
value
Drawdown of 1
tranche of ORNAN of
€0.5M of nominal
value
Dardilly, 28 February 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 €0.5M of nominal value has been
drawdown today, corresponding to the issuance of 50 ORNAN with 277
777 777 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
0013400991www.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.comSarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
- 20220228_PR_DELTADRONE_Ornan