Press releases

Provisional calendar

30th April

Annual results 2023

June

Annual General Meeting

31st October

Approval of the half-yearly accounts by the Board of Directors
Half year results 2024

 

Informations will be published after the close of Euronext Paris stock exchange.

Shareholders General Meetings

[February 19, 2024] AERO 41 EGM minutes

Board of Directors of 01/24/2024 acting on delegation of AGM of 01/27/2023

AGE of 29 September 2023

AGM of 5 June 2023

AGM of 30 June 2016

Financial information

General

Listed on Euronext Growth Paris since 2013
Mnemonic code of the share: ALDR
ISIN code: FR0011522168
Eligibility of shares: PEA, PEA-PME, ordinary securities account (CTO)

To consult the share price, click here.

Delta Drone, SA with a capital of 443 209,79 €.
Turnover in 2021: €15.8m
Workforce: 450 employees

Your contact for any financial issues :

Lélia Sorg – Investor relations

Isorg@actifin.fr

+33.1.56.88.11.11

Features and capital structure

Delta Drone shares have been listed on the Alternext market of Euronext Paris since June 28,2013.
The market listing was carried out as a direct listing after private investment, with no public offering.

As of December 9, 2016, the AMF, the French Financial Markets Regulator, has acknowledged receipt of a document, drawn by Delta Drone and bearing the number 16-571, allowing the company to change their listing segment.

Delta Drone is now listed under Group E2 (public offerings) on the Alternext listing in Paris.

Features

ISIN CODE : FR0011522168

TICKER: ALDR

FRENCH EQUITY SAVINGS PLAN ELIGIBLE SME : YES

 

Capital structure

Last update 30/5/2024
Share capital (number of shares) 216.425.716
Double voting shares 2 516
Nominative shares 0,1 %
Bearer shares 99,9 %
Estimated number of shareholders + 5 000

Possible changes in the capital structure

At the 5th of June 2023 shareholders appointed new management and chose a new strategy for the company. Together with these decisions, important agreements were also made with the Delta Drone creditors whereby dilutive instruments like Fiducie and OCABSA were frozen to reduce dilution.
As of 17 August 2023, the management of Delta Drone owns 29.38% of the shares to demonstrate their long-term commitment to the company.
The current outstanding debt with these creditors can be converted into shares under the folowing conditions:
–        Fixed conversion price of €2.50.
–        Reset-clause. Only when the VWAP of the month is below €2.50. The conversion price for the next month will be adjusted to the lowest VWAP of last month.
–        All creditors who convert debt into shares have selling restrictions. Together, the creditors can never sell more than 30% of the daily volume, to prevent them from having a significant influence on the share price.

Full press-release is available here

Founding share subscription warrants

2024

On May 29, 2024 (after market close), 1,673,497 new ordinary shares with a par value of 0.025 euros each were issued to IQEQ MANAGEMENT. The share capital of the Company increased from 214,752,219 to 216,425,716 shares with a par value of 0.025 euros each. TonnerDrones has reached an agreement to terminate the variable price instrument. The full press release can be found here: https://tonnerdrones.com/wp-content/uploads/2024/05/Final-13.05.24-CP-Fiducie-A-FR.pdf

On May 7, 2024, 7.684.040 new ordinary shares with a par value of 0.025 euros each were issued to IQEQ MANAGEMENT. The Company’s share capital rose from 207.068.179 to 214.752.219 shares with a par value of €0.025 each. IQEQ MANAGEMENT is restricted to sell only an amount of shares, equal to a maximum of 13,5% of the daily volume. It is Tonner Drones’ clear intention to end this dilutive financing product, which Tonner has inherited from the past.

On April 23, 2024, 6.317.926 new ordinary shares with a par value of 0.025 euros each were issued to Fiducie. The Company’s share capital rose from 200.750.253 shares to 207.068.179 shares with a par value of €0.025 each. The fiducie is restricted to sell only an amount of shares, equal to a maximum of 13,5% of the daily volume. It is Tonner Drones’ clear intention to end this dilutive financing product, which Tonner has inherited from the past.

On April 2, 2024, the Company’s share capital was made up of 200,750,253 shares following a capital increase of €5.0 million through the issue of 199,091,160 new shares at a price of €0.025.

On March 7, 2024, the exercise of 14,693 BSAE2 by Equitis Gestion resulted in the issue of a total of 115,149 new ordinary shares with a par value of 0.025 euros each. The Company’s share capital rose from €38,598.6 to €75,331.1, comprising 1,659,093 shares with a par value of €0.025 each.

On January 30, 2024, the exercise of 4,658 BSAE2 by IQEQ MANAGEMENT resulted in the issue of a total of 36,504 new ordinary shares with a par value of 0.025 euros each. The Company’s share capital increased from 37,686 euros to 38,598.6 euros, comprising 1,543,944 shares with a par value of 0.025 euros each.

On January 24, 2024, the Board of Directors took the decision to lower the par value of the share to €0.025 based on the resolutions of the AGM of January 27, 2023. The company’s share capital comprises 1,507,440 shares with a par value of €0.025 each.

On January 17, 2024, the exercise of 22,155 BSAE1 by IQEQ MANAGEMENT resulted in the issue of a total of 22,155 new ordinary shares with a par value of €0.10 each. The Company’s share capital rose from €148,528.5 to €150,744, comprising 1,507,440 shares with a par value of €0.10 each.

On January 10, 2024, the exercise of 9,943 BSAE1 by EQUITIS GESTION resulted in the issue of a total of 9,943 new ordinary shares with a par value of 0.10 euro each. The Company’s share capital rose from €147,534.2 to €148,528.5, comprising 1,485,285 shares with a par value of €0.10 each.

On January 3, 2024, as a result of the conversion of 1 bond convertible into new shares of the Company and/or redeemable in cash by YA II PNLTD (agreement dated June 27, 2023), a total of 33,333 shares were issued.

2023

On December 11, 2023, the exercise of 9,948 BSAE1 by EQUITIS GESTION resulted in the issue of a total of 9,948 new ordinary shares with a par value of €0.10 each. The Company’s share capital increased from €142,808.5 to €143,803.3, comprising 1,438,033 shares with a par value of €0.10 each.

On December 1, 2023, the exercise of 400 OS2 by KENNIE CAPITAL BV resulted in the issue of a total of 24,029 new ordinary shares with a par value of 0.10 euro each. The Company’s share capital rose from €140,405.60 to €142,808.5, comprising 1,428,085 shares with a par value of €0.10 each.

On December 1, 2023, the exercise of 2,083 BSAE2 by IQEQ MANAGEMENT resulted in the issue of a total of 14,066 new ordinary shares with a par value of €0.10 each. The Company’s share capital rose from €138,999 to €140,405.60, comprising 1,404,056 shares with a par value of €0.10 each.

On November 21, 2023, the exercise of 500 OS2 by KENNIE CAPITAL BV resulted in the issue of a total of 50,118 new ordinary shares with a par value of 0.10 euro each. The Company’s share capital rose from €133,987.20 to €138,999, comprising 1,389,990 shares with a par value of €0.10 each.

On November 6, 2023, the exercise of 9,300 warrants by EQUITIS GESTION resulted in the issue of a total of 39.450 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 130,042.2 euros to 133 987,20 euros, comprising 1.339.872 shares with a par value of 0.10 euros each.

On October 17, 2023, the exercise of 5 convertible bonds into new shares of the company and/or redeemable in cash by YA II PNLTD (agreement of June 27, 2023) resulted in the issue of a total of 62,500 new ordinary shares with a par value of 0.10 euro each. The Company’s share capital rose from €123,792.2 to €130,042.2, comprising 1,300,422 shares with a par value of €0.10 each.

On October 6, 2023, the exercise of 6 convertible bonds into new shares of the company and/or redeemable in cash by YA II PNLTD (agreement of June 27, 2023) resulted in the issue of a total of 43,795 new ordinary shares with a par value of 0.10 euro each. The Company’s share capital increased from €119,412.7 to €123,792.2, comprising 1,237,922 shares with a par value of €0.10 each.

On October 2, 2023, the exercise of 28,451 warrants by Fiducie A resulted in the issue of a total of 48,053 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 114,607.4 euros to 119,412.7 euros, comprising 1,194,127 shares with a par value of 0.10 euros each.

On August 31, 2023, the exercise of 2,000 bonds by KENNIE CAPITAL BV and 1,000 bonds by CRAZY DUCK BV resulted in the issue of a total of 125,007 new ordinary shares (83,338 new shares to KENNIE CAPITAL BV and 41,669 new shares to CRAZY DUCK BV) with a par value of 0.10 euro each. The Company’s share capital rose from €102,106.7 to €114,607.4, comprising 1,146,074 shares with a par value of €0.10 each.

On August 22, 2023, the exercise of 60,857 warrants by Fiducie A resulted in the issue of a total of 102,787 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 91,828 euros to 102,106.7 euros, comprising 1021,067 shares with a par value of 0.10 euros each.

On August 17, 2023, at the request of OTT HERITAGE and COURCELETTE HOLDINGS, the Board of Directors decided to repay part of Delta Drone’s debt to these two companies through the reserved issue of 300,000 new shares at an issue price of 2.50 euros between OTT HERITAGE (270,000 shares) and COURCELETTE HOLDINGS (30,000 shares).
The Company’s share capital rose from €61,828 to €91,828, comprising 918,280 shares with a par value of €0.10 each.

On July 28, 2023, the exercise of 26,603 warrants by Fiducie A resulted in the issue of a total of 44,932 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 57,334.8 euros to 61,828 euros, comprising 618,280 shares with a par value of 0.10 euros each.

On July 19, 2023, the exercise of 5,194 warrants by Fiducie A resulted in the issue of a total of 8,772 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 56,457.6 euros to 57,334.8 euros, comprising 573,348 shares with a par value of 0.10 euros each.

On July 3, 2023, the exercise of 3,123 warrants by Fiducie A resulted in the issue of a total of 5,274 new ordinary shares with a par value of 0.10 euros each.
The Company’s share capital rose from 55,930.2 euros to 56,457.6 euros, comprising 564,576 shares with a par value of 0.10 euros each.

On June 5, 2023, availing itself of the authorization granted by the Combined General Meeting of January 27, 2023 under its 15th resolution to reduce the Company’s share capital through a reduction in par value, the Board of Directors, at its meeting of June 5, 2023, decided to reduce the Company’s share capital for loss-making reasons, by reducing the par value of the Company’s shares from l euro to 0.10 euro.

On May 22, 2023, the exercise of 10,084 BSAEl by Fiducie A resulted in the issue of a total of 10,084 new ordinary shares with a par value of l euro.
The Company’s share capital was increased from 549,218 euros to 559,302 euros, comprising 559,302 shares with a par value of l euros each.

2012

In May 2012, Delta Drone set up a plan involving 41,250 entrepreneur share warrants, reserved for the company’s employees. With the 4-to-1 stock split, the number of entrepreneur share warrants allocated in 2012 rose to 165,000 warrants.

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

2013

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

2015

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

Half-year financial results and half year financial report 2023

Archives

Financial reports

2022

 

2021

2020

2019

 

2018

2017

2016

2015

Funding contracts

OCABSA contracts

Synopsis – OCABSA N°1 – December 2014

 

OCABSA N°1 contract is closed.


Synopsis – OCABSA N°2 – May 2015

OCABSA N°2 contract is closed.


Synopsis – OCABSA N°3 – October 2016

22 058 823 warrants are listed on Euronext Growth (BSA Y).

The warrants can be exercised until February 2023 at a price of 0.075 considering the decisions approved on June 15, 2020 by the Special General Meeting and by the Extraordinary General Meeting of the company. The conversion ratio is 1 / 1.

Characteristics of the warrants

OCABSA N°2 contract is closed (except warrants).

OCABSA follow up – october 2016

OCABSA follow up – may 2015

OCABSA follow up – december 2014


OCEANE contract

Synopsis – OCEANE – June 2019

OCEANE contract is closed.

OCEANE follow-up – june 2019

Conclusion of the independent expert on the value of the DELTA DRONE warrants


ORNAN contracts

Synopsis – ORNAN – December 2019

 

ORNAN – December 2019 contract is closed (except warrants).

Characteristics of the warrants

ORNAN follow-up


Synopsis – ORNAN – April 2020

* The warrants in instalment 1 can be exercised until April 2024 at a price of 0,020€ (0,034€ originally), taking into account a calculated adjustment, in accordance with the contract, generated by the issue of convertible bonds in May 2020.

Characteristics of the OCA

Characteristics of the warrants

ORNAN follow-up – April 2020

Legal framework for the issuing of ORNAN bonds with BSA – 7th April 2020

Conclusion of the independent expert on the DELTA DRONE warrants – ORNAN contract April and October 2020


Synopsis – ORNAN – October 2020

 

Characteristics of the OCA

Characteristics of the warrants

ORNAN follow-up – October 2020

Features of the contract signed on 14 October 2020

Conclusion of the independent expert on the DELTA DRONE warrants – ORNAN contract April and October 2020


FIDUCIE contract

Synopsis – FIDUCIE – September 2022

FIDUCIE – Initial terms and conditions for the exercise of the BSA e and the sale of the underlying DD shares

FIDUCIE – Terms and conditions of the BSA e

FIDUCIE – Terms and conditions of the BSA e – amendment n°1

Follow-up BSA EQUITIZATION


Free allocations

Free allocation of shares to group managers

Situation of successive free share allocation programs

Allocation of free warrants (BSA) to all Delta Drone Shareholders

This issue of BSA free of charge to all shareholders was decided by the company’s Board of Directors on February 1, 2019 pursuant to the delegation of authority granted by the Extraordinary and Ordinary General Meetings of December 13, 2018 under its fourth resolution.

On February 18, 2019, each shareholder received one BSA ‘J’ for each share held on February 15, 2019, therefore creating 103 056 240 BSA J.

These BSA J are listed for trading on the Euronext Growth Paris market under ISIN code FR0013400983. Their exercise price is 0.093 Euros, with an exercise equivalent of one (1) new subscribed share for the exercise of three (3) BSA J.

BSA J could be exercised up to and including February 18, 2020.

An acceleration period had been planned to aid the immediate exercise of the BSA J: in the event that BSA J be exercised within the first two (2) months following February 18, 2019, that is, by the 18th of April 2019 at the latest, each shareholder exercising BSA J was allocated, free of charge, as many stock warrants, namely BSA Y, as the number of new shares created upon exercise of the BSA J.

The BSA Y were also listed for trading on the Euronext Growth Paris market (ISIN: FR0013400991) and were immediately fungible with the 22 058 823 BSA created on February 1, 2019 under the last phase of the OCABSA program.

The BSA Y exercise price was originally 0.136 Euros, with an exercise equivalent of one (1) newly subscribed share for the exercise of one (1) BSA Y.
Following the decisions voted by the Special General Meeting of the warrant holders and the Extraordinary General Meeting of the shareholders, both held on June 15, 2020, the exercise price was lowered to 0.075 Euros with an exercise equivalent of one (1) newly subscribed share fort he exercise of one (1) BSA Y.

Bearers of BSA Y will be able to exercise them up to and including February 1, 2023.

 

 

During the acceleration period (from February 18 to April 18, 2019), 34 439 235 BSA J were exercised, leading to the creation of 11 479 745 new shares and 11 479 745 BSA Y.

End of lifespan of BSA J; situation on October 9, 2020 is the following:

 

Company's share-repurchase program

Prospectus approved by the AMF - Autorité des Marchés Financiers -

Offering Circular