Brief: Delta Drone issues 130 convertible bonds with warrants attached and announces plan for 2018-2019

Tonner Drones SA

23/11/2017 06:49

Nov 23 (Reuters) - DELTA DRONE SA  ALDR.PA : 
    * NEW ISSUE OF 130 CONVERTIBLE BONDS WITH WARRANTS ATTACHED 
 
    * VALUE OF EUR 10,000 PER BOND, TOTAL VALUE OF EUR 1.3 
MILLION 
    * YA II CD HAS SUBSCRIBED TO 130 CONVERTIBLE BONDS WITH 
WARRANTS 
ATTACHED FOLLOWING CONTRACT FROM OCTOBER 2016 
    * LAUNCHES 2018-2019 PLAN 
    * AS PART OF THE PLAN, AIMS TO LOWER THE GROUP'S EXPENSES, 
WHICH 
SHOULD GENERATE BETWEEN AND  2 MILLION SAVINGS 
    * FINANCIAL PLAN 2018-2019: CONTINUED GROWTH IN CONSOLIDATED 
REVENUE 
    * EXPECTS TO REACH FINANCIAL STABILITY STARTING FROM 2019 
 
Source text for Eikon:  ID:nGNE5qjc0Y  
Further company coverage:  ALDR.PA  
 
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