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ENTREPRENEUR SHARE WARRANTS PLAN 2012


In May 2012, DELTA DRONE set up a plan involving 41,250 entrepreneur share warrants, reserved for the company’s employees. On April 25, 2012, the Extraordinary General Meeting delegated authority to the Chairman of the Board to issue and freely allocate 41,250 entrepreneur share warrants, granting a right to subscribe one ordinary share of the company with a face value of €1, representing a capital increase of a maximum par value of €41,250.

As delegated, the Chairman of the Board allocated all of the entrepreneur share warrants on June 29, 2012 and December 31, 2012. These entrepreneur share warrants may be exercised from July 1, 2016 to December 31, 2016.

With the 4-to-1 stock split, the number of entrepreneur share warrants allocated in 2012 rose to 165,000 warrants.

The Group’s reorganization initiated in June 2014 led to the implementation of several employment protection plans that nullified the 2012 entrepreneur share warrants allocated to individuals who had left the company.

22 000 Entrepreneur Share Warrants were exercised by 2 employees in October 2016. The plan came to an end.


ENTREPRENEUR SHARE WARRANTS PLAN 2013

The plan came to an end and did not generate new shares.


ENTREPRENEUR SHARE WARRANTS PLAN 2015

On November 30, 2015, the Extraordinary General Meeting delegated authority to the Board of Directors to issue and freely allocate 300,000 entrepreneur share warrants, granting a right to subscribe one ordinary share of the company with a face value of €0.25, representing a capital increase of a maximum par value of €75,000.

As delegated, the Board of Directors allocated 300,000 entrepreneur share warrants on December 16, 2015. These entrepreneur share warrants may be exercised from July 1, 2019 to December 31, 2019.

The number of Entrepreneur Share Warrants awarded in 2015 and still existing amounts to 89,500 vouchers still existing.

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