DroneShield mandates director and executive share holdings after $70M insider sales caused 70% stock plunge.

DroneShield Ltd has introduced a mandatory minimum shareholding policy for directors and senior executives, requiring directors to hold shares equal to their annual base fee within three years and the CEO to hold shares worth 200% of their salary within one year. The move follows investor backlash after nearly $70 million in insider stock sales, including the CEO’s full $50 million stake, which triggered a 70% share price drop. The company also plans to update trading rules to meet S&P/ASX 200 standards and appoint an independent non-executive director with ASX200 experience within the next year. The announcement boosted the stock 8.63% to $3.020.