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Parrot: expiry of BSA 1 and BSA 2











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(Boursier.com) — The group parrot informs the holders of stock warrants (“BSA 1” and “BSA 2”, together the “BSA”) issued as part of the December 2015 capital increase that the BSA expire on Thursday, December 15 2022.

BSAs that have not been exercised by December 15, 2022 (inclusive) at the latest will automatically become null and void and will lose all value. In accordance with the Euronext notice of November 15, 2022 (PAR_20221115_31525_EUR), the last trading day for BSAs on the Euronext Paris market will be December 13, 2022 (inclusive).

The public’s attention is drawn to the fact that BSA 1 and BSA 2 are not in the money. That is to say that their exercise, which is optional, would have the effect of acquiring PARROT shares at a price higher than the price of the Parrot share (isin code: FR0004038263) on the Euronext Paris market, i.e. 4.42 euros on the date of this press release.

Reminder of the terms and conditions for exercising BSAs

BSA 1 (isin code: FR0013054269) 24 BSA 1 would enable the bearer who decides to exercise them to subscribe to 2 new Parrot shares in return for the payment of an exercise price of 32.66 euros per BSA 1 (i.e. a price of exercise of 65.32 euros to subscribe to 2 new shares).

BSA 2 (isin code: FR0013054335): 28 BSA 2 would enable the bearer who decides to exercise them to subscribe to 3 new shares of the Company in return for the payment of an exercise price of 42.34 euros per BSA 2 (i.e. a total exercise price of 127.02 euros to subscribe to 3 new shares).

Financial diary

2022 annual results, Thursday March 16, 2023.


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