DELTA DRONE - Clarification and outline of the 2020-2021 plan’s guiding principles - Seite 3

             
Continued implementation of the policy to decrease operating expenses

In continuation of the efforts made under the 2018-2019 plan, and in view of the opening of the new site in Dardilly (delayed by a few weeks due to the health crisis), the Group aims to have only two main sites in France (Dardilly and Nantes) by mid-2020, other than the independent sites for private-security activities in Grenoble, Valbonne and Cannes (as a reminder, other than the private-security activity, the Group managed 11 sites in France in early 2018).

The streamlining of activities also, as provided in the 2018-2019 plan, led to progress in discussions for the sale of HYDROGEOSPHERE. This sale could go through in the first half of 2020.

These reorganization efforts will ultimately automatically result in significant savings (rent, management costs, telecommunications & Internet-access fees, travel expenses, etc.). They have also led to the departure of certain employees and a simplified organizational chart.

Calling an Extraordinary General Shareholders’ Meeting

Due to the extremely difficult current situation and the uncertainty as to how long the crisis will last, the Group would like to avail itself of every opportunity to strengthen its equity so that, if necessary, it can continue to support its development plan. For this reason, an Extraordinary General Shareholders’ Meeting has been scheduled.

Notice of the meeting was published on 20 March 2020 in the Bulletin des Annonces Légales Obligatoires -BALO (French official bulletin of legal announcements). The date of this meeting has been set for 24 April 2020 at the company's head office
In view of the current health crisis, and in accordance with the provisions of ordinance n ° 2020-321 of March 25, 2020 relating in particular to the adaptation of the rules for meeting and deliberation of general meetings, the company decided to keep the latter in camera. So, it is recommended that shareholders make use of the option to vote by mail or to grant power to the Chairman via the forms available on Delta Drone’s website.

About Delta Drone: The 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 related services, thus providing a full value chain.
Delta Drone is listed on Euronext Growth Paris – ISIN code: FR0011522168
Also listed on Euronext Growth: 33 443 695 BSA Y – ISIN code: FR0013400991

www.deltadrone.com