DELTA DRONE – Consolidation of Delta Drone shares for

Consolidation of delta-drone actions support a new stock market dynamic and reduce share volatility

DardillyApril 19, 2022 to 6 p.m.

Key points

  • 10,000 old shares against 1 new share
  • Implementation of consolidation operations from April 22, 2022
  • First day of trading for combined stocks in May 242022
  • Suspension of the exercise of the rights of holders of securities until 25 May 2022 included

Delta Drone (Euronext Growth Paris: ALDR) (the ” Company “), announces the implementation of the consolidation of the shares making up its share capital at the rate of 10,000 old shares for 1 new share, in accordance with the third resolution approved by the combined general meeting of shareholders of December 27, 2021. The launch of this merger was decided by the Board of Directors on March 30, 2022, as announced by press release dated March 31, 2022.

The objective of this merger is to support a new stock market dynamic for the Company, as well as to reduce the volatility of the Delta Drone share price, induced by the low level of its current value.

The consolidation operations will take place from April 22, 2022 to May 23, 2022 inclusive. They will take effect on May 24, 2022, the first trading day for the shares resulting from the combination.

This operation will not affect the overall value of the delta Drone shares held in the portfolio by the shareholders, with the exception of the broken ones.

Terms of consolidation of shares

In accordance with the terms of the consolidation notice published in the Bulletin des Annonces Légales Obligatoires of April 6, 2022, the main characteristics of the consolidation of shares are as follows:

  • Number of shares subject to consolidation: 5,841,620,631
  • Par value per share: €0.0001
  • ISIN code of old shares before consolidation: FR0011522168
  • Exchange parity: 10,000 old shares for 1 new share
  • Number of shares to be acquired from the business combination: 584,162 shares
  • Par value of the share at the end of consolidation: 1 euro
  • ISIN code of the new shares resulting from the combination: FR0014009LP0

In practice, each shareholder will automatically be allocated by their financial intermediary 1 new share for each tranche of 10,000 old shares.

Shareholders holding a total number of shares forming an exact multiple of 10,000 will not have to take any action. Shareholders who do not have a number of old shares corresponding to a whole number of new shares (i.e. a multiple of 10,000 old shares) will have to do their personal business of buying or selling old shares forming fractions in order to to obtain a number of shares multiple of 10,000, until May 23, 2022 inclusive.

After this period, shareholders who have not obtained a multiple of 10,000 shares will be compensated by their financial intermediary within 30 days from May 24, 2022, in accordance with Articles L.228-6-1 and R .228-12 of the Commercial Code and market practices.

The new shares which could not be allocated individually and corresponding to fractional rights will be sold on the stock exchange by the account holders and the sums resulting from the sale will be distributed in proportion to the fractional rights of the holders of these rights.

BNP Paribas Securities Services will centralize the consolidation operations.

The shares subject to the consolidation will be admitted to trading on the Euronext Growth Paris market until May 23, 2022, the last trading day. The shares resulting from the merger will be admitted to trading on the Euronext Growth Paris market from May 24, 2022, the first day of listing.

The mnemonic code for Delta Drone shares (ALDR) will remain unchanged following the consolidation operations.

Suspension of the rights of holders of securities giving access to capital

As part of the implementation of this merger, the Company informed the holders of (i) convertible bond subscription warrants, together with stock subscription warrants, if any (the “Mandates“), (ii) bonds convertible into shares (the “OCA“), (iii) stock warrants (the “BSA“). “), issued pursuant to the financing agreement entered into with the investment fund YA II PN, Ltd, represented by Yorkville Advisors Global LP (the “Investor“) on October 14, 2020, as amended on December 7, 2020, and (iv) BSA Y CODE ISIN FR 0013400991, in accordance with the provisions of Articles L. 225-149-1 and R. 225-133 of the French Commercial Code, the temporary suspension of the right to exercise their Warrants and BSAs as well as the right to convert their OCAs from April 19, 2022 at 11:59 a.m. until May 25, 2022 at 11:59 p.m.

Indicative schedule of operations

April 6, 2022 Publication of the merger notice in the Bulletin des Annonces Légales Obligatoires
April 19, 2022 Opening of the period of suspension of the exercise of securities giving access to capital
April 22, 2022 Start of consolidation operations
From April 22, 2022 to may 23, 2022 included Ability for shareholders to buy and sell shares for get a number of shares without breaking
From May 23, 2022 Last trading day for shares with a nominal value of 0.0001 euro
Complete the reverse stock split
From May 24, 2022 Compensation of defaulting shareholders through their financial intermediary (from May 24 to June 25 inclusive)
May 25, 2022 Record delivery date of the shares resulting from the business combination
May 26, 2022 Allocation of new shares (Payment date)
May 26, 2022 Resumption of the exercise of securities giving access to capital

About DeltaDrone: Delta Drone Group is a recognized international player in the field of civilian drones for professional use. It develops a range of professional solutions based on drone technology as well as all associated services that form a complete value chain.
The Delta Drone share is listed on the Euronext Growth Paris market – ISIN Code: FR0011522168
BSA Y – ISIN coded: FR 0013400991

Investor contacts: Press contacts:

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