DRA Global joins the ASX
Friday, 9 July, 2021 - 15:00
Engineering group DRA Global has had a quiet start to its first day of trading while predicting a strong first half for the calendar year.
Andrew Naude worked in the financial services industry for almost 20 years, including a decade of his experience at executive level.
Mr Naude joined DRA in 2013 and was responsible for development and oversight of its financial and commercial activities including mergers and acquisitions, strategic investments, as well as leading the group corporate services functions. Mr Naude has been extensively involved in strategic growth initiatives within the international business, and also served as interim chief executive in 2016. He stepped down as managing director and chief executive in March 2022.
He is a Chartered Accountant and a member of the Institute of Directors in South Africa and Australia.
Rank | Company | # | |
---|---|---|---|
8th | - | Seven West Media | $1.43bn |
9th | SRG Global | $1.07bn | |
10th | Civmec | $1.04bn | |
11th | DRA Global | $899.74m |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
451st | BlueBet Holdings">BlueBet Holdings | 28.63% | 0% |
452nd | Cedar Woods Properties">Cedar Woods Properties | 28.57% | -0.57% |
453rd | DRA Global">DRA Global | 28.38% | 0% |
454th | Adriatic Metals">Adriatic Metals | 28.31% | 25.96% |
455th | 360 Capital Enhanced Income Fund">360 Capital Enhanced Income Fund | 28.19% | 6.3% |
NEWS: Tagged in DRA, former CEO in legal dispute | 26 Oct 2023 | |
NEWS: Tagged in DRA Global sued by ex-chief executive | 24 Feb 2023 |
Engineering group DRA Global has had a quiet start to its first day of trading while predicting a strong first half for the calendar year.
Engineering services company DRA Global has emerged out of a week-long break from trading advising its chief executive of three years will step down.
Our board moves wrap includes Mark Mitchell, Joshua Letcher, Sonu Cheema, Andrew Naude, James Smith, Cris Buningh, Raj Ray, Kathryn Giudes, Bernard Pryor, and Khomotso Mosehla.
A plan hatched by a consortium of senior managers at DRA Global to remove the engineering company’s chair and chief executive last month has been elevated to the takeovers panel.
Contractor DRA Global says its revenue may drop by as much as 25 per cent this year after contract losses and project delays.
ASX-listed contractor DRA Global has been hit with a $9 million lawsuit from former chief executive officer Andrew Naude over alleged breaches of his employment contract.
Mediation is off the table for former DRA Global chief executive Andrew Naude, who is suing the company over allegations of fair work breaches.
Position | Company | Year | Company's current rank |
---|---|---|---|
Chief Executive, Managing Director
|
2019 - 2022 | 11 | |
Chief Financial Officer, Strategy Director
|
2013 - 2019 | 11 | |
Managing Director, Corporate Finance
|
2007 - 2013 | 73 | |
Senior Manager, Corporate Finance
|
2001 - 2006 | 3 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2022-01-25 | Bought | 2,695,539 | $0.00 | Off-market trade | ||
2022-01-19 | Sold | 1,004,069 | $33.52 | $33,652,404 | Off-market trade | |
2022-01-19 | Bought | 617,952 | $33.39 | $20,633,417 | Off-market trade | |
2021-09-28 | Issued | 415,790 | $0.00 | Other |