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Provider: Reuters Investment Profile

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Delta Drone SA to Merge with/Absorb J2E

Sunday, 25 Aug 2013 06:00pm EDT 

Delta Drone SA announced that it will submit a proposal for a merger by means of absorbtion of J2E for the approval of its shareholders at an Extraordinary Shareholders meeting to be held on September 30, 2013. Under the terms of the proposal, the Company will create 2,518,061 new shares, increasing the share capital of the Company by EUR 629,515.25. These shares will be allocated to the shareholders of J2E on the basis of a conversion rate of 1 J2E share for 102.37 new Delta Drone SA shares.