Shares in Skydive the Beach Group Limited (ASX:SKB)
fell 14 per cent yesterday after the newly listed company was rocked by the death of two experienced solo skydivers.
The skydiving company has confirmed two people were killed in a parachute accident at its jump site in Byron Bay on the same day the company debuted on Friday.
As police will now prepare a report for the coroner Skydive the Beach has expressed its sincere condolences to those impacted by the tragedy.
The company has also advised it does not expect the accident to have a material adverse financial effect on the group or its financial forecasts.
Skydive the Beach Group jumped 56 per cent from its listing price to close its first day of trade at $0.39 but fell yesterday to end at $0.335 on Monday.