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DroneShield Limited (ASX:DRO)

ALERT: Price-sensitive ASX Announcement for DRO
Current share price for DRO : $1.830 -2.64 (-59.06%)+
Announcement
Release
23 Jan 2026 6:15PM
Price at Release
$4.470
Full Release
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Summary
DroneShield Limited announced the vesting of 9,224,361 Performance Options, following the achievement of a $200 million cash receipts milestone within a 12-month period. These options, initially granted during a period of lower sales to incentivize employees, include a significant portion held by the CEO. A total of 995,000 Performance Options remain unvested. To align with shareholder interests, DroneShield introduced a new incentive plan where options vest at higher revenue milestones of $300 million, $400 million, and $500 million. The share option non-cash expense for 2025 was $23.5 million, reflecting rapid business growth.
Key Points
  • 9,224,361 Performance Options vested due to reaching $200 million in cash receipts.
  • CEO holds 709,361 of the vested options; none held by Non-Executive Directors.
  • 995,000 Performance Options remain unvested.
  • New incentive plan introduced with higher revenue milestones for option vesting.
  • $23.5 million share option non-cash expense for 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.