DroneShield Limited – Strengthening Compliance and Operational Governance
DroneShield Limited (ASX: DRO) is a leading Australian defence-technology provider specialising in counter-drone and electronic warfare solutions. In responding to an ASX query, the company outlines its governance processes, disclosure practices, and recent issues arising from director share disposals and an administrative error involving a misclassified customer order. DroneShield emphasises that director trades were approved in accordance with its Securities Trading Policy and disclosed once the company became aware of them. The company also clarifies its contract-validation workflow, noting improvements underway through new ERP and CRM systems designed to minimise manual errors. Additionally, it confirms adherence to continuous-disclosure obligations and outlines its materiality thresholds, stating that larger pipeline opportunities remain under active discussion with existing defence customers. Overall, DroneShield reiterates its commitment to transparent reporting, strengthened internal controls, and maintaining market confidence as it continues to expand its global defence technology footprint.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au
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DroneShield Limited – Strengthening Compliance and Operational Governance
DroneShield Limited (ASX: DRO) is a leading Australian defence-technology provider specialising in counter-drone and electronic warfare solutions. In responding to an ASX query, the company outlines its governance processes, disclosure practices, and recent issues arising from director share disposals and an administrative error involving a misclassified customer order. DroneShield emphasises that director trades were approved in accordance with its Securities Trading Policy and disclosed once the company became aware of them. The company also clarifies its contract-validation workflow, noting improvements underway through new ERP and CRM systems designed to minimise manual errors. Additionally, it confirms adherence to continuous-disclosure obligations and outlines its materiality thresholds, stating that larger pipeline opportunities remain under active discussion with existing defence customers. Overall, DroneShield reiterates its commitment to transparent reporting, strengthened internal controls, and maintaining market confidence as it continues to expand its global defence technology footprint.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au