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Conversion of the last convertible notes resulting from the issuance of convertible notes with warrants

Lyon, 16 July 2015

Download press release of July 16, 2015

Delta Drone announced today the conversion of the last amortizing senior convertible notes  (“OCA”) resulting from the issuance of amortizing senior convertible notes with warrants  attached (“OCABSA”) authorized during the Extraordinary General Shareholders’ meeting held on 22 December 2014.

Also, it should be recalled that the warrants (BSA) attached to the three first tranches of the issue were exercised, representing €3 M, and that 530 389 BSA (corresponding to the same amount of new shares to be created) remain to be exercised, representing €2 M.

The goal of strengthening of the capital base enforcement via the issuance of OCABSA was thus reached in six months, allowing Delta Drone to reinforce its share capital by €8 M.

A detailed chart showing all of the transactions that took place as part of the OCABSA issuance may be found at www.deltadrone.com.

Commenting on this situation, Christian Viguié, Chairman and CEO of the Group, said, “beyond the definitive restoration of Delta Drone’s financial situation, our strategy aimed at obtaining significant financial resources – without debt – is essential to our future success. The confusion that sometimes exists between professional drones and leisure drones, and the illusion created by sales revenue generated only by drone sales on national markets, are two things that currently get in the way of a more sensible and structured approach to the field of civilian drones for professional use. In fact, the sector’s future lies in its worldwide scope and the possibility of putting together complete services that meet client expectations, creating a chain of value in which the drone only plays one part. In addition, the ability to operate in strict compliance with laws and regulations while prioritizing the security and safety of people and property is primary and essential. For all of these reasons, the field of civilian drones for professional use is highly capital-intensive as it requires large investments in IT and in international development. It also requires time, in order to plan and adapt these solutions to cater to clients located on several continents.”

 

About Delta Drone: The Delta Drone Group is a renowned player in the field of civilian drones for professional use. It offers a complete service, from data acquisition to data processing through a specifically developed information system, including a supply of professional pilots. These pilots are trained and certified by the Ecole Française du Drone, a subsidiary of the Group.

Delta Drone is listed on the Alternext market of Euronext Paris. ISIN code: FR0011522168. www.deltadrone.com

Contact:

Jérôme Gacoin : +33 1 75 77 54 65 –

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