Brief: Delta Drone, Mare Nostrum To Reorganize Cooperation Within Aer'Ness

Tonner Drones SA

21/09/2020 07:20

Sept 21 (Reuters) - Delta Drone SA  ALDR.PA :
    * DELTA DRONE AND MARE NOSTRUM DECIDE TO REORGANIZE THEIR
COOPERATION WITHIN THEIR JOINT UNIT AER'NESS
    * FIRST PHASE OF AGREEMENT, MARE NOSTRUM ACQUIRES 100% OF
AER'NESS
INTERIM FROM AER'NESS AND 65% OF COMPANY AER'NESS EVENT
    * SECOND PHASE OF THE AGREEMENT, MARE NOSTRUM SELLS ITS
42.5%
STAKE IN AER'NESS TO DELTA DRONE, WHICH THUS BECOMES THE
MAJORITY SHAREHOLDER AT 85%
    * THIRD PHASE OF AGREEMENT, DELTA DRONE SELLS ALL OF HELD
SHARES
TO MARE NOSTRUM ON OCCASION OF IPO OF MARE NOSTRUM, WHICH
ACQUIRES THEM AS PART OF OF ITS SHARE BUYBACK PROGRAM
    * IN THE FINAL PHASE OF THE DEAL, DELTA DRONE SELLS MARE
NOSTRUM A
50% STAKE DETAINED IN ERGASIA CAMPUS

Source text for Eikon:  ID:nGNE38h6VB 
Further company coverage:  ALDR.PA 

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