Australia's DroneShield rises after announcing measures to tackle governance issues

DroneShield

21/12/2025 23:38

** Shares of Australia's DroneShield DRO.AX rise as much as 5.8% to A$2.94, their highest level since November 12

** Drone technology firm says undertaken immediate action following an independent review of the company's continuous disclosure and securities trading policies and other areas

** Says board will establish mandatory minimum shareholding policy for all directors and members of senior management and update co's securities trading policy, others

** Says reviewing the director and executive remuneration framework

** Measures follow a sharp sell-off in late November after stake sales by top executives, a contract disclosure error, and the abrupt exit of its U.S. head

** Stock up more than 250% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))