DELTA DRONE : Allocation of free stock warrants (BSA) to all shareholders
04 Fevereiro 2019 - 5:00AM
DELTA DRONE : Allocation of free stock warrants (BSA) to all
shareholders
Allocation of free stock warrants (BSA)
to all shareholders
Dardilly, 4 February 2019
Delta Drone’s Board of Directors met on 1
February 2019 to set the specific terms for the allocation of free
stock warrants (BSA) (ISIN: FR0013400983) in accordance with its
final commitments under the last OCABSA agreement and the
delegation of authority approved by the extraordinary general
meeting of 13 December 2018 (resolution no. 4).
The transaction concerns all the Delta Drone
shareholders, i.e., the 103 056 240 shares making up the share
capital (excluding 36 725 treasury shares). There are two
successive parts to this transaction.
First part of the
transaction
Each shareholder will be granted, free of
charge, one (1) “BSAJ” for each Delta Drone share (ISIN:
FR0011522168) held on 15 February 2019, end of day. Every
shareholder having purchased shares before the close of the 13
February 2019 stock-market trading session will benefit from this
BSAJ allocation. The transaction will therefore result in the
creation of 103 056 240 BSAJ.Three (3) BSAJ grant the right to
subscribe for one (1) new Delta Drone share at the price of €0.093,
representing the potential creation (in the event that all BSAJ are
exercised) of 34 352 080 new shares corresponding to a theoretical
capital increase of €3 194 743.44.
This exercise price of €0.093 represents a 26%
discount compared with the average share price for the 10 trading
days prior to 31 January. It reflects the Board of Directors’
desire to express its gratitude to all shareholders for their
loyalty and support. It also represents Delta Drone’s desire to
offer all shareholders a chance for further inclusion, under
favorable terms, in the Group’s development at this time when
conditions are coming together for future success.In the next few
days, the 103 056 240 BSAJ will be the subject of a request for
official listing on Euronext Growth. They will therefore be
specifically listed under a separate name, i.e., “BSA J” (ISIN:
FR0013400983).The lifespan of the BSAJ is set at twelve (12) months
as from their allocation, i.e., until 16 February 2020.
Second part of the
transaction
In addition, the Board wishes to make it easier
for the most committed shareholders to be involved in the Group’s
development.Thus, during a period of two (2) months starting on the
first day the courant BSAJ are listed on Euronext Growth, any
shareholder exercising BSAJ under the above terms and conditions
will own one new share. Such shareholders shall then immediately be
allocated one (1) free BSA for one (1) new share. This new BSA,
called “BSA Y” (ISIN: FR0013400991), will be fungible with the 22
058 823 BSA created on 1 February 2019 pursuant to the final phase
of the OCABSA program. It will therefore have exactly the same
characteristics, i.e.:
- a lifespan of 4 years;
- a parity of one (1) BSAY allowing subscription for one (1) new
Delta Drone share at the price of €0.136.
The second part of the transaction therefore
represents the potential creation (in the event that all BSAY are
exercised) of 34 352 080 new shares corresponding to a theoretical
capital increase of €4 671 882.88.
As the BSAY and BSA resulting from the final
phase of the OCABSA program implemented on 1 February 2019 are
fungible, in the next few days they will be the subject of a
request for official listing on Euronext Growth. They will
therefore be listed together and undifferentiated, specifically
listed under a separate name, i.e., “BSA Y” (ISIN:
FR0013400991).
Estimated timetable for the
transaction
1 February 2019 |
Board of Directors’ decision concerning the issuance of free BSA
(“BSA J”) to shareholders (resolution no. 4 of the extraordinary
general meeting of 13 December 2018). Decision by CEO to implement
the issuance of BSA J to shareholders |
1 February 2019 |
Issue 22 058 823 BSA Y pursuant to the issue of the final tranche
under the OCABSA III agreement |
8 February 2019 |
Publication of the notice of allocation of the BSA J in the BALO
(legal gazette) |
11 February 2019 |
Euronext distributes notice of issuance/free allocation of BSA Y
and BSA J |
14 February 2019 |
1st day BSA J and BSA Y listed on Euronext Growth |
15 February 2019 |
Record date for BSA J allocation |
16 February 2019 |
Allocation of BSA J and start of BSA J exercise period |
16 April 2019 |
End of early exercise period allowing, upon exercise of BSA J,
allocation of BSA Y |
16 February 2020 |
Close of the BSA J exercise period. BSA J not exercised by end of
trading on 16 February 2020 lose all value. |
1er February 2023 |
Close of the BSA Y exercise period. BSA Y not exercised by end of
trading on 1 February 2023 lose all value. |
About Delta Drone: The Delta
Drone Group is a renowned international player in the field of
civilian drones for professional use. It offers a complete service,
from data acquisition to data processing through a specifically
developed information system, including a supply of professional
pilots. Delta Drone is listed on Euronext Growth Paris.
ISIN code: FR00115221684 166 666 BSA are also listed on
Euronext Growth Paris. ISIN code: FR001329977
www.deltadrone.com
Contacts:
AELIUM |
|
Jérôme
Gacoin |
|
+33 1 75 77 54
65 |
|
jgacoin@aelium.fr |
|
- 20190204_Attribution BSA GB