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PARAZERO LIMITED(PRZ)

Click here for free access to this company's:
ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

Our website ranking of PRZ: rating 1
(1 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Services LEVEL 2, 267 St Georges Terrace,, PERTH, WA, AUSTRALIA, 6000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000007502
Address: Level 27 101 Collins Street Melbourne Vic 3000
Tel:  08 6377 8043 Fax: 

Date first listed: 18/06/2018
Company Secretary: Peter Webse, Stephen Buckley
Sector: Technology Hardware & Equipment Industry Group: 
Activities: Development and manufacturing of innovative safety systems for drones

News & Events

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name changed to Delta Drone International Limited

10/12/2020

The offer under its 10 November 2020 prospectus has now closed following strong support from both domestic and international investors. The company has raised the maximum amount under the offer of $5,000,000 following demand in excess of 15% more than the maximum amount sought. The company will now proceed with completion of the offer and the proposed acquisition of 100% of the share capital in Delta Drone South Africa from Delta Drone SA, as well as the finalisation of the formal relisting process with ASX.

07/12/2020

The closing date for offers under its 10 November 2020 prospectus has been extended until 4:00pm (AEDT) on 9 December 2020.

04/12/2020

The company releases the results of its extraordinary general meeting.

03/12/2020

The company issues a prospectus for an offer of up to 125,000,000 fully paid ordinary shares at an issue price of $0.04 per share to raise up to $5.0 million before costs.

10/11/2020

The company releases a Letter to Holders & Proxy Form for EGM on 3 December 2020.

03/11/2020

The company will hold an EGM at 4:00pm (Melbourne time) on 3 December 2020 by virtual meeting facility.

03/11/2020

The company lodges its Quarterly Activity Report & Appendix 4C.

30/10/2020

The company issues a notice of Proposed issue of Securities - PRZ.

13/10/2020

ParaZero Limited has agreed to acquire 100% of the issued share capital of Delta Drone South Africa. DDSA is a leading international player in the field of drones for professional and commercial use, with revenue in CY19 of approximately US$2.12m. The merged entity plans to expand DDSA's "drones-as-a-service" business model initially into Australia and then grow globally. The combination of DDSA's operating experience and ParaZero's world leading safety technology will provide the merged entity with a significant competitive advantage. The merged entity will have a pro forma combined revenue in CY19 of approximately US$4.13m and historical revenue growth exceeding 40%4 per annum. ParaZero will seek ASX relisting in conjunction with the merger and a proposed capital raising of between A$3.5m and A$5.0m at an issue price of $0.04 cents per share. A notice of meeting will be issued to shareholders in the coming weeks for an extraordinary general meeting to approve the transactions. To reflect the change in focus ParaZero proposes to change its name to Delta Drone International Limited.

13/10/2020

The company has cancelled the following performance options: Class A Performance Options Expiring 13 June 2023 @ $0.20: 16,085,363; Class B Performance Options Expiring 13 June 2023 @ $0.20: 11,370,724; Class C Performance Options Expiring 13 June 2023 @ $0.20: 11,770,724.

25/09/2020

The company lodges its Appendix 4D and Half Year Report.

27/08/2020

The company releases a notice of Proposed issue of Securities - PRZ.

24/08/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company releases an Appendix 2A - Conversion of Convertible Notes.

07/08/2020

The company lodges its Quarterly Activity Report & Appendix 4C - June 2020.

31/07/2020

The company releases its Constitution.

28/07/2020

The company releases the Results of its Annual General Meeting.

28/07/2020

PRZ secures 100 FAA waivers for drones fitted with its SafeAir parachute system. Transport Canada authorises expanded operations for companies using PRZ systems. Additional civil aviation authorisations for expanded operations continue to open new revenue streams in multibillion dollar international drone market. PRZ listed in top 100 drone companies to watch by major U.S. publication. PRZ launches new SafeAir Pro product line.

09/07/2020

The company releases a notice of Proposed issue of Securities - PRZ.

29/06/2020

The company's AGM will be held at 4.00pm (AEST) on Tuesday, 28 July 2020 by Virtual Meeting Facility.

26/06/2020

The company releases an Appendix 2A - Escrow Release.

23/06/2020

The following securities are due to be released from escrow on 22 June 2020: Fully paid ordinary shares - 35,300,063; Options @ $0.30 expiring 13 June 2021 - 4,000,000; Options @ $0.0027 expiring 13 June 2023 - 6,387,692; Class A Performance Options @ $0.20 expiring 13 June 2023 - 14,000,000; Class B Performance Options @ $0.20 expiring 13 June 2023 - 8,000,000; Class C Performance Options @ $0.20 expiring 13 June 2023 - 8,000,000.

05/06/2020

The company's AGM will be held on Tuesday, 28 July 2020. The closing date for receipt of nominations from persons wishing to be considered for election as a director is Monday, 15 June 2020. Any nominations must be received at the Company's registered office no later than 5:00pm (Melbourne time) on Monday, 15 June 2020.

04/06/2020

The company provides disclosures required by ASX Listing Rule 4.7C.2 regarding a comparison of its actual expenditure to 31 March 2020 since listing against the "use of funds" statement in its replacement prospectus dated 30 April 2018.

22/05/2020

The company lodges its Quarterly Activity Report & Appendix 4C.

30/04/2020

The company releases a notice of Proposed issue of Securities - PRZ.

30/04/2020

The company lodges its Annual Report to Shareholders.

21/04/2020

The company releases a notice of Proposed issue of Securities - PRZ.

14/04/2020

The company lodges its Annual Report.

30/03/2020

The company releases an Appendix 4G.

30/03/2020

The previous announcement stated that the issue of the securities on conversion of the convertible notes was subject to shareholder approval by way of a general meeting, which was incorrect. The company has sufficient capacity of LR 7.1 and it should have been noted that the conversion of convertible notes was within this capacity.

24/03/2020

The company releases a notice of Proposed issue of Securities - PRZ.

18/03/2020

The securities of ParaZero Limited will remain suspended from quotation, following the announcement that it has entered into an agreement proposing to acquire Delta Drone South Africa. PRZ's securities will remain suspended until ASX is satisfied that all relevant information required under Guidance Note 12: Change to Activities has been announced to the market. ASX has also exercised its discretions under Listing Rule 11.1.2 to require the Proposed Acquisition to be conditional on approval by PRZ's ordinary security holders and under Listing Rule 11.1.3 to require PRZ to recomply with Chapters 1 and 2 of the Listing Rules.

12/03/2020

Following completion of the company's strategic review, the company is pleased to announcement that it has executed a letter of intent wiht Delta Drone South Africa to acquire the business of Delta, a company incorporated in South Africa. This LOI will be the baseline for all future common discussions until the two parties decide to enter into a binding term-sheet that will set the final and detailed terms and conditions for this transaction.

12/03/2020

The company lodges its Appendix 4E Preliminary Final Report.

28/02/2020

The securities of ParaZero Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PRZ, pending the release of an announcement regarding a possible acquisition transaction.

18/02/2020

The suspension of trading in the securities of Parazero Limited will be lifted immediately, following the release by PRZ of an announcement regarding a capital raising.

24/10/2019

The company completes institutional and sophisticated investor placement of AU$642k. The funds will be used for product inventory and general working capital.

24/10/2019

New orders received from drone manufacturers to the value of US$235,000. More than 35 waivers signed for customers seeking to retrofit "flight over people" products - SafeAirPhantom and SafeAir Mavic.

23/10/2019

The company requests that trading in its securities be suspended until after the expected announcement is made regarding the capital raising or until the market opens on 24 October 2019, whichever is earlier.

21/10/2019

The securities of ParaZero Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PRZ, pending the release of an announcement regarding a capital raising.

18/10/2019

listed entity carried for record purposes only

18/06/2018
OFX Transferring Money Internationally to Free

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Eden AttiasExecutive Chairman, CEO18/06/2018
    Moshe HukayloCFO12/11/2020
    Stephen GorensteinNon Exec Director17/10/2018
    Dan AraziNon Exec Director18/06/2018
    Chris SingletonNon Exec Director02/01/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ran KaspiCFO01/02/201912/11/2020
    Charis LawNon Exec Director18/06/201801/09/2019
    Anton UvarovNon Exec Director21/04/201717/10/2018

    Date of first appointment, title may have changed.