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Mark Di Stefano

Ethical arms dealers dump their stakes at the top

The three-man board of DroneShield sold almost all its shares weeks after the ASX raised questions about recent market announcements.

DroneShield is one of those ASX-listed companies that seem to collect headlines for all the right reasons. Led by Russian-born ex-banker Oleg Vornik, the company wows everyone with its tech gear that zaps drones out of the sky. While Vornik gets labelled an “ethical arms dealer”, supplying non-lethal weapons to modern war fronts like Ukraine.

That’s apparently put Vornik on Vladimir Putin’s naughty list. At least he also gets the killer press shots, waving around an appendage that looks like some kind of lootbox add-on weapon in Call of Duty.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/droneshield-s-leaders-dump-their-stakes-at-the-top-20240312-p5fbr3