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DroneShield Limited ( (AU:DRO) ) has shared an announcement.
DroneShield Limited has announced that it has met the vesting conditions for a significant number of performance options, which were part of the remuneration for its directors and senior managers. This achievement reflects the company’s substantial revenue growth, with a target of A$200 million in a 12-month period. The directors have exercised these options, resulting in the sale of a large portion of their shares to cover tax liabilities. The company clarified that there was no prior agreement among the directors to sell their shares, and the sales were conducted in the ordinary course of trading. This development highlights the company’s strong financial performance and its commitment to transparency in market disclosures.
The most recent analyst rating on (AU:DRO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited operates in the defense and security industry, specializing in the development and provision of advanced drone detection and mitigation technologies. The company focuses on delivering solutions to protect critical infrastructure and public spaces from the threats posed by unauthorized drones.
Average Trading Volume: 20,483,632
Technical Sentiment Signal: Buy
Current Market Cap: A$2.36B
See more insights into DRO stock on TipRanks’ Stock Analysis page.