Droneshield shares tumble amid ASIC investigation
Make us a preferred source
Make us a preferred source on Google
More news: Shares in Droneshield slumped in afternoon trade after ASIC launched an investigation into the counter-drone technology company concerning share trading during a period in which then-CEO Oleg Vornik and two other board members sold their entire holdings.
Shares fell 14.16% to $3.03 at 1:13pm AEST.
ASIC investigating DroneShield share trading, disclosures after CEO selloff
The news: Counterdrone manufacturer DroneShield told the exchange it has been asked by corporate regulator ASIC to “provide reasonable assistance with an investigation” in relation to share trading during a period when then-CEO Oleg Vornik and two other board members sold all their shares.
The context: DroneShield told the exchange that ASIC’s investigation relates to announcements and information provided to the ASX between 1 and 20 November 2025 as well as share trading between 6 and 12 November 2025.
The investigation includes the period when Vornik, chair Peter James and director Jethro Marks sold a collective $66.8 million, their entire shareholding at the time. The trading period coincided with an incorrect order announcement on 10 November that was withdrawn a few hours later.
The source: ASX
