Brief: Delta Drone And Volatus Aerospace Declare Lapse Of Their Agreement

Tonner Drones SA

25/04/2022 07:24

April 25 (Reuters) - Delta Drone SA  ALDR.PA :
    * DELTA DRONE AND VOLATUS AEROSPACE  VC.CD  DECLARE THE
LAPSE OF
THEIR AGREEMENT SIGNED ON 4 MARCH 2022
    * DELTA DRONE AND VOLATUS AEROSPACE HAVE DECIDED BY MUTUAL
AGREEMENT TO INTERRUPT THEIR DISCUSSIONS ACCORDING TO THE TERMS
SET OUT IN THE AGREEMENT
    * AS A RESULT, THE DEADLINE OF 30 APRIL 2022, WHICH WAS
CONTRACTUALLY AGREED TO LEAD TO THE SIGNING OF A FINAL
AGREEMENT, HAS LAPSED, WITH EACH PARTY REGAINING ITS FULL
FREEDOM OF MANOEUVRE AS OF TODAY
    * DELTA DRONE AND VOLATUS AEROSPACE ARE DETERMINED TO
CAPITALIZE
ON THEIR FIRST EXCHANGES BY DECIDING TO MAINTAIN A FRIENDLY AND
REGULAR RELATIONSHIP TO EXPLORE THE WAYS OF FUTURE COOPERATION

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6cfbvq
Further company coverage:  ALDR.PA 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 772 09 20;))