Delta Drone - Drawdown of a tranche of ORNAN of €1M of nominal value
17 Junho 2020 - 12:45PM
Delta Drone - Drawdown of a tranche of ORNAN of €1M of nominal
value
Drawdown of a tranche of ORNAN of €1M of
nominal
value
Dardilly, 17 June 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 a second 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, a tranche of ORNAN
with Warrants attached of €1M of nominal value has been drawdown
today, corresponding to the issuance of 100 ORNAN with 20 833
333 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 33 443 695 BSA Y – ISIN code: FR
0013400991
www.deltadrone.com
Contacts:
|
|
|
Jérôme
Gacoin |
Robin Ecolan |
+33 1 75
77 54 65 |
+33 1 55 02 14 70 |
jgacoin@aelium.fr |
r.ecolan@open2europe.com Sarah Ousahla+33 1 55 02 15
31s.ousahla@open2europe.com |