14.8.2024 08:30:00 CEST | Nordic Unmanned | Additional regulated information
required to be disclosed under the laws of a member state
Reference is made to earlier stock exchange announcements by Nordic Unmanned ASA
(the "Company") (ticker: NUMND) regarding the financial restructuring originally
announced on 14 May 2024. The Company is still working on finalizing the
conditions for completion of amendments to the Company's loan facilities, which
is a condition precedent for the completion of the NOK 23.5 million private
placement, the NOK 23.5 million subsequent offering and the EUR 5,172,414 debt
conversion all approved by the Company's extraordinary general meeting held on
11 June 2024 (the "EGM"). Due to recently identified liquidity challenges
resulting from project delays, working capital requirements and the
restructuring cost, the Company's current expectation is that it will not have
sufficient liquidity to repay on the original due dates at the end August 2024
the EUR 2 million bridge loan guaranteed by Tjelta Eiendom AS from February
2024, and the EUR 1 million additional liquidity loan from Tjelta Eiendom AS
provided in connection with the financial restructuring. The Company will seek
an extension of the due date for these loans in dialogue with the banks and
Tjelta Eiendom AS.
The Company will provide further updates in due course and expects that
completion of the financial restructuring, including delivery of shares to
subscribers in the subsequent offering, will take place before the end of August
2024.
DISCLOSURE REGULATION
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading
Act. This stock exchange announcement was published by Lars A. Landsnes, CFO&COO
of the Company on 14th August 2024, at 08:30 CEST
CONTACTS
* Stig H. Christiansen, CEO, Nordic Unmanned ASA, +47 478 07 813,
shc@nordicunmanned.com
ABOUT NORDIC UNMANNED
Nordic Unmanned is a leading European manufacturer (OEM) and certified operator
of unmanned aircraft systems ("UAS").
We are serving large corporations, government agencies and security customers by
offering systems, solutions and flight services for environmentally friendly
delivery of productivity improvements and time critical, actionable data
insights and logistics services.
Our solutions and services are organized in the three business segments as
follows:
Flight Services: is a technology-agnostic flight services operator providing
time-critical actionable data to large corporate and governmental customers. The
segment also includes NUAer AS and Resale.
AirRobot: is an Equipment Manufacturer (OEM) with a leading product platform in
lightweight drones and sensors (payloads) tailored for defense and security.
DroneMatrix: is an Equipment Manufacturer (OEM) offering a fully integrated and
autonomous drone system with proprietary software for surveillance and security.
Nordic Unmanned is ISO 9001:2015 and ISO 14001:2015 certified for the operation,
maintenance, and sales of unmanned systems and sensor technology. AirRobot is
ISO 9001:2015 and EN 9100:2018 certified for its development and production
capabilities of unmanned systems.
Founded in Norway in 2014, Nordic Unmanned has offices in Sandnes (NO),
Cranfield (UK), Hasselt (BE) and Arnsberg (GER). Nordic Unmanned also comprise
joint venture - Omni Unmanned SA with OHI Group SA (registered in Luxemburg) and
joint venture - NUAer AS with Aeromon OY (registered in Norway).
For more information visit - https://nordicunmanned.com/
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847587/18200890/4834/Download%20announce
ment%20as%20PDF.pdf