Brief: Drone Volt Exchanges About 10% Of Its Capital With Aquiline Drones

Drone Volt SA

17/12/2020 09:07

Dec 17 (Reuters) - DRONE VOLT SA  ALDRV.PA :
    * ANNOUNCED ON DECEMBER 16 FINALISATION OF EXCHANGE OF
SHAREHOLDINGS WITH AQUILINE DRONES WITHIN FRAMEWORK OF THEIR
PARTNERSHIP AGREEMENT
    * PARTNERS HAVE EXCHANGED APPROXIMATELY 10% OF THEIR
RESPECTIVE
CAPITAL IN ORDER TO CONSOLIDATE THEIR STRATEGIC AND COMMERCIAL
ALLIANCE
    * AQUILINE DRONES SUBSCRIBED TO 19,259,415 NEW SHARES OF
DRONE
VOLT, REPRESENTING A 9.7% STAKE FOR A PRICE OF 0.225 EURO PER
SHARE
    * DRONE VOLT SUBSCRIBED TO 990,000 NEW SHARES OF AQUILINE
DRONES,
REPRESENTING A 9.90% STAKE AT AN UNDISCLOSED PRICE
    * PAYMENT OF THE TWO SUBSCRIPTION PRICES IS PAID UP BY
OFFSETTING
DEBTS BETWEEN THE TWO PARTNERS

    
    
 Source text for Eikon:  ID:nACT66526 
    
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