Disposal of the balance of the shares held in the capital
of Delta Drone International
Dardilly, 17 January 2023 – 6 pm
After selling 16.77% of Delta Drone International's share capital (see press release of December 29, 2022), Delta Drone announces today the sale of the balance of its stake, i.e., 211,718,632 shares representing 41.37%, marking its total withdrawal from its Australian subsidiary.
The transaction was carried out at the same price level (AU$0.005/share), with various Australian professional and institutional investors, through Baker Young Advisory.
Overall, this transaction strengthens Delta Drone's cash position by nearly €1 million.
However, it does not call into question the prospects of commercial collaboration between Delta Drone and its former subsidiary: on the contrary, they should be facilitated, as the rules governing relations between two listed companies with capital links are complex, particularly in Australia.
About Delta Drone: 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.
Delta Drone shares are listed on the Euronext Growth Paris market – ISIN code: FR0014009LP0
BSA Y – ISIN code: FR 0013400991
www.deltadrone.com
Investor Contacts:
| Jerome Gacoin | |||
| +33 1 75 77 54 65 | |||
| jgacoin@aelium.fr | |||
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