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ALDR - Delta Drone SA News Story

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Last Trade - 07/05/21

Micro Cap
Market Cap £15.7m
Enterprise Value £14.8m
Revenue £11.7m
Position in Universe 744th / 848

DELTA DRONE - Drawdown of two tranches of ORNAN of €1M of nominal value

Tue 6th April, 2021 5:00pm
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Drawdown of two tranches of ORNAN of €1M of nominal value

Dardilly, 6 April 2021 – 6 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 14(th) 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 €10M of aggregate nominal value;
* 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 the two first
tranches 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 ( 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, two tranches of ORNAN with Warrants attached of €1M of
nominal value has been drawdown today, corresponding to the issuance of 200
ORNAN with 37 037 037 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: FR0011522168
Also listed on Euronext Growth the warrants “BSA Y” – ISIN code: FR


 Jérôme Gacoin         Louise caetano                                                                            
 +33 1 75 77 54 65     +33 1 55 02 15 13                                                                    Sarah Ousahla +33 1 55 02 15 31     

*     20210406_PR_DELTADRONE_T1_T2_Ornan
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