Tonner Drones announces the start of negotiations to end variable price instrument
24 Abril 2024 - 11:00AM
Tonner Drones announces the start of negotiations to end variable
price instrument
Tonner Drones announces the start of
negotiations to end variable price instrument
Cannes, 24 april 2024 18:00
Tonner Drones announces today that it
has started negotiations with the settlers of the Trust to end the
variable price instrument.
Ending variable price instruments was one of the
main targets, since arrival of the new management with the company.
Tonner already succeeded to end the long during relationship with
Yorkville in March. After the successful capital increase in April
it now feels it has responsibility towards its shareholders to also
end the contract with Fiducie A as soon as possible.
Tonner has received signals from Fiducie A that
is willing to negotiate about ending the variable price instrument.
Tonner much appreciated this and both parties are now in good
conversation to reach an agreement.
Tonners intentions are to minimize dilution and
reduce debt. Moreover, Tonner is well aware that investors recently
supported an investment round at a price of €0.0250, which is the
actual nominal value.
Although Tonner drones is currently optimistic
about reaching an agreement, it cannot yet provide certainty about
further details and the success of the negotiations.
About Tonner
Drones: Tonner Drones (formerly Delta
Drone) develops UAVs and associated technologies for the defense
and homeland security sectors. Tonner Drones holds valuable stakes
in some of France's leading civilian and military drone
manufacturers. Tonner Drones’ strategy is to leverage its
shareholdings in these companies through active asset management, a
private equity fund, and by teaming up with other private equity
funds to become a significant industry consolidator. Additional
revenues can be achieved through royalties from patents held by
Tonner Drones to recognized manufacturers. Tonner Drones does not
plan on owning a factory; however, it is determined to retain
R&D for its products and systems in France.
Tonner Drones’ shares are listed on Euronext
Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.comIf you
would like to find out more, or if you are interested in a
partnership: contact@tonnerdrones.com
Contact
TonnerDronesD.M. van den OudenFinancial
communicationvandenOuden@tonnerdrones.com |
AcifinJean-Yves BARBARAjybarbara@actifin.fr+33
(0)1 56 88 11 13 |
|
Warning
Regarding the merits of any transaction or the
making of any investment decision. It does not constitute or
include any confirmation or commitment by Tonner Drones (or any
other person) regarding the present or future value of
TonnerDrones' business, its securities, its subsidiaries or any
other assets of TonnerDrones.
This press release contains forward-looking
statements based on current beliefs and expectations regarding
future events. These forward-looking statements may include
projections and estimates and their underlying assumptions,
statements regarding plans, objectives, intentions and/or
expectations regarding future financial results, events, operations
and services. and product development, as well as statements
regarding performance or events. These statements are generally
identified by the terms "expect", "anticipate", "believe",
"intend", "estimate", "plan", "project", "may", "should" or the
negative form of these and other similar expressions. These
statements are not guarantees of future performance and are subject
to inherent risks, uncertainties and assumptions regarding
TonnerDrones and its subsidiaries and investments, trends in their
businesses, future capital expenditures and acquisitions,
developments relating to contingent liabilities, changes in global
economic conditions or TonnerDrones' principal markets, competitive
market conditions and regulatory factors. The realization of these
events is uncertain; their outcome could turn out to be different
from that envisaged today, which is likely to significantly affect
the expected results. Actual results may differ materially from
those anticipated or implied in these forward-looking statements.
Any forward-looking statements contained in this press release are
made as of the date of this press release. Except as required by
applicable law, TonnerDrones undertakes no obligation to revise or
update any forward-looking statements, taking into account new
information or future events.
- ENG_negotiations Fiducie A