Drone Volt: share consolidation finalized

(CercleFinance.com) - Drone Volt announced last night that it had finalized its share consolidation, followed by an adjustment of the nominal value of its shares, an operation that fails to mask the collapse of its stock market valuation over the last few years.


The manufacturer of professional civil UAVs explains that it has now completed the reverse stock split, exchanging one new share with a par value of one euro for 100 old shares with a par value of one euro cent.

The old shares were delisted from the Euronext Growth market after the close of trading on November 29, to be replaced by the new shares.

Following these operations, the company's share capital stands at 20,128,265 euros, comprising 20,128,265 ordinary shares with a par value of one euro each.

This operation must be accompanied by the implementation of a reduction in share capital through a reduction in the par value of its shares.

Following this decision, the company's share capital now stands at 2,012,826.50 euros, made up of 20,128,265 ordinary shares with a par value of 0.10 euros each.

The share, introduced at a price of six euros per share in 2015, is now worth just 0.35 euros.

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