Extraordinary general shareholders’ meeting of 24 April 2020

Delta Drone secures the means to implement its development plan - Seite 3

This potential source of additional financing is therefore in line with the financing plan required for the implementation of the 2020 – 2021 plan. It nevertheless depends on the increase of the share price so that the exercise price of the BSA is at least equal to the share price on the market.

This uncertainty is substantially worsened by the still-unknown effects of lifting the stay-at-home orders and of the post-health-crisis situation. In any event, the global economy will face significant turbulence, such that the schedule for implementing our roadmap will be affected. So, although the goals remain unchanged, the timing may encounter some delays.

Under these unusual circumstances, it is now, more than ever, important to remain vigilant in approaching the re-opening period by following three ground rules:

• Have the means necessary to cover financing needs;
• Not incur debt, as this risks generating excessive interest/fees upon reimbursement;
• Not delay payment of the company’s operating costs and current expenses so as to not accumulate debts that will have to paid anyway.

It is with regards to this safety and prevention that Delta Drone entered into a new ORNAN agreement for €10M with the YA fund (cf. press release dated 8 April 2020), which represents a major asset that ensures our future financial needs will be covered.

The use of all or part of this funding will, of course, depend on how both the general economic situation and that of Delta Drone in particular evolve. Its possible impact on the makeup of the capital remains closely tied to future changes in Delta Drone’s share price.

About Delta Drone: The Delta Drone Group is an international player in the field of civilian drones for professional use. It provides a range of professional solutions specifically designed for targeted sectors, as well as a complete selection of related services.
Delta Drone is listed on Euronext Growth Paris – ISIN code: FR0011522168
Also listed on Euronext Growth 33 443 695 BSA Y – ISIN code: FR 0013400991

www.deltadrone.com

Contacts:

Jérôme Gacoin		Louise Caetano
[phone]		[phone]
[e-mail]		[e-mail]   Sarah Ousahla [phone] [e-mail]

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