Brief: Delta Drone Announces Total Withdrawal From Its Australian Subsidiary

Tonner Drones SA

17/01/2023 17:04

Jan 17 (Reuters) - Delta Drone SA  ALDR.PA :
    * AFTER SELLING 16.77% OF DELTA DRONE INTERNATIONAL'S SHARE
CAPITAL (SEE PRESS RELEASE OF DECEMBER 29, 2022), DELTA DRONE
ANNOUNCES TODAY SALE OF BALANCE OF ITS STAKE, I.E., 211,718,632
SHARES REPRESENTING 41.37%, MARKING ITS TOTAL WITHDRAWAL FROM
ITS AUSTRALIAN SUBSIDIARY
    * OVERALL, THIS TRANSACTION STRENGTHENS DELTA DRONE'S CASH
POSITION BY NEARLY EUR 1 MILLION
    * THE TRANSACTION WAS CARRIED OUT AT THE SAME PRICE LEVEL
(AU$0.005/SHARE), WITH VARIOUS AUSTRALIAN PROFESSIONAL AND
INSTITUTIONAL INVESTORS, THROUGH BAKER YOUNG ADVISORY.
    * TRANSACTION DOES NOT CALL INTO QUESTION THE PROSPECTS OF
COMMERCIAL COLLABORATION BETWEEN DELTA DRONE AND ITS FORMER
SUBSIDIARY

Source text for Eikon:  ID:nGNE9Cp6dn 
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