DELTA DRONE - Consolidation of Delta Drone shares to support a new stock market dynamic and reduce the volatility of the stock
April 19 2022 - 12:00PM
DELTA DRONE - Consolidation of Delta Drone shares to support a new
stock market dynamic and reduce the volatility of the stock
Consolidation of Delta
Drone shares to support a new
stock market dynamic and reduce the volatility of the
stock
Dardilly, April 19, 2022 at 6pm
Key points
- 10,000
old shares against 1 new share
-
Implementation of consolidation operations as of
April 22, 2022
- First
trading day of the combined shares on May
24, 2022
-
Suspension of the exercise of the rights of security
holders until 25 May 2022
inclusive
Delta Drone (Euronext Growth Paris: ALDR) (the "
Company "), announces the implementation of the
consolidation of the shares comprising its share capital at the
rate of 10,000 old shares against 1 new share, in accordance with
the third resolution approved by the combined general meeting of
shareholders dated December 27, 2021. The launch of this
combination was decided by the Board of Directors meeting on March
30, 2022, as announced by press release dated March 31, 2022.
The objective of this combination is to support
a new stock market dynamic of the Company, as well as to reduce the
volatility of the Delta Drone share price, induced by the low level
of its current value.
The consolidation operations will take place
from April 22, 2022 to May 23, 2022 inclusive. They will take
effect on May 24, 2022, the first day of listing of the shares
resulting from the combination.
This transaction will not affect the
overall value of delta Drone shares held in the portfolio by
shareholders, with the exception of
the broken ones.
Terms of the grouping of shares
In accordance with the terms of the notice of
consolidation published in the Bulletin des Annonces Légales
Obligatoires of April 6, 2022, the main characteristics of the
share consolidation are as follows:
- Number of shares subject to
consolidation: 5,841,620,631
- Nominal unit value of the share:
€0.0001
- ISIN code of old shares before
consolidation: FR0011522168
- Exchange parity: 10,000 old shares
against 1 new share
- Number of shares to be acquired
from the consolidation: 584,162 shares
- Nominal value of the share at the
end of the consolidation: 1 euro
- ISIN code of the new shares
resulting from the grouping: FR0014009LP0
In practice, each shareholder will be
automatically allocated by his financial intermediary 1 new share
for each block of 10,000 old shares.
Shareholders holding a total number of shares
forming an exact multiple of 10,000 will not have to take any
steps. Shareholders who do not have a number of old shares
corresponding to a whole number of new shares (i.e. a multiple of
10,000 old shares) will have to make their personal business of
buying or selling the old shares forming broken in order to obtain
a multiple number of shares of 10,000, until May 23, 2022
inclusive.
After this period, shareholders who have not
obtained a multiple number of shares of 10,000 will be compensated
by their financial intermediary within 30 days from 24 May 2022, in
accordance with Articles L.228-6-1 and R.228-12 of the French
Commercial Code and market practice.
New shares which could not be allocated
individually and corresponding to rights forming broken will be
sold on the stock exchange by the account holders and the sums
resulting from the sale will be distributed in proportion to the
rights forming broken of the holders of these rights.
BNP Paribas Securities Services will centralize
the consolidation operations.
The shares subject to the consolidation will be
admitted to trading on the Euronext Growth Paris market until 23
Mai 2022, the last day of listing. The shares resulting from the
combination will be admitted to trading on the Euronext Growth
Paris market as of May 24, 2022, the first day of listing.
The mnemonic code of Delta Drone shares (ALDR)
will remain unchanged at the end of the consolidation
operations.
Suspension of the rights of holders of
transferable securities giving access to capital
In connection with the implementation of this
combination, the Company has informed the holders of (i)
convertible bond warrants, with attached share purchase warrants
where applicable (the "Warrants"), (ii) bonds
convertible into shares (the "OCAs"), (iii) share
purchase warrants (the "BSAs"). "), issued under
the financing agreement concluded with the investment fund YA II
PN, Ltd, represented by Yorkville Advisors Global LP (the
"Investor") on October 14, 2020, as amended on
December 7, 2020, and (iv) BSA Y CODE ISIN FR 0013400991, in
accordance with the provisions of Articles L. 225-149-1 and R.
225-133 of the French Commercial Code, the temporary suspension of
the right to exercise their Issue Vouchers and BSAs as well as the
right to convert their OCAs from 19 April 2022 at 11:59 a.m. until
May 25, 2022 at 11:59 p.m.
Indicative calendar of
operations
April 6, 2022 |
Publication of the grouping notice in the Bulletin des Annonces
Légales Obligatoires |
April 19, 2022 |
Opening of the period of suspension of the exercise of transferable
securities giving access to capital |
April 22, 2022 |
Start of consolidation operations |
From April 22, 2022 to May 23, 2022 included |
Possibility for shareholders to buy and sell shares in order to
obtain a number of shares without broken |
From May 23, 2022 |
Last day of the listing of the shares of 0.0001 euro of nominal
value |
Carrying out the grouping of actions |
From May 24, 2022 |
Compensation for shareholders with breaks through their financial
intermediary (from 24 May to 25 June inclusive) |
May 25, 2022 |
Record date for the delivery of the shares resulting from the
consolidation |
May 26, 2022 |
Allocation of new shares (Payment Date) |
May 26, 2022 |
Resumption of the exercise of transferable securities giving access
to share capital |
About Delta Drone: Delta Drone
Group is a recognized international player in the field of civilian
drones for professional use. It develops a range of professional
solutions based on drone technology as well as all associated
services that form a complete value chain.Delta Drone shares are
listed on the Euronext Growth Paris market – ISIN code:
FR0011522168 BSA Y – ISIN code: FR 0013400991www.deltadrone.com
Investor
contacts: Press
contact:
|
|
|
Jerome
Gacoin |
Louise Caetano |
+33 1 75
77 54 65 |
+33 1 55 02 15 13 |
jgacoin@aelium.fr |
l.caetano@open2europe.comSarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |
- 20220419_PR_Consolidation_Delta_Drone_shares_new_stock