An announcement from Dicker Data Limited ( (AU:DDR) ) is now available.
Dicker Data announced that its Chair and CEO, David Dicker, has sold 8,302,417 shares, representing 4.6% of the company’s issued capital, at $8.10 per share. This transaction is intended to fund his final divorce settlement and other personal financial needs. As a result, the company’s free float is expected to rise from 46% to 50%, potentially increasing market liquidity. David Dicker has agreed to a 12-month escrow on his remaining shares, indicating a commitment to maintaining his stake in the company.
More about Dicker Data Limited
Dicker Data is an Australian-owned and operated technology distributor, listed on the ASX, specializing in hardware, software, and cloud solutions. Established in 1978, the company partners with leading technology vendors like Cisco, Citrix, Dell Technologies, Hewlett Packard Enterprise, HP, Lenovo, and Microsoft to provide tailored solutions to its reseller partners. Dicker Data focuses on building strong, long-term relationships with its partners and dynamically adapting to market changes to enhance profitability.
YTD Price Performance: -4.05%
Average Trading Volume: 357
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €882M
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