Dicker Data founders unload shares to increase public ownership

David Dicker and Fiona Brown dispose of 6 million shares through a private placement

Dicker Data founders, David Dicker and Fiona Brown, have increased public ownership in the company with the sale of 6 million shares.

According to a company statement, the company is now pleased to welcome 17 new investors to the register including 10 institutional funds.

"Dicker Data advises that the founders of the company have each sold a parcel of DDR shares to professional and sophisticated investors in order to improve the liquidity of the stock in the market." the statement said.

The shares were disposed via a placement to private and sophisticated investors.

The two founders unloaded 3 million shares each at $1.60 per share.

David Dicker now holds 61,140,719 shares, while Fiona Brown holds 53,617,621 ordinary shares.

Read More:

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags Dicker Datapublic ownershipsophisticated investorsliquidityDavid DickerFiona Brown

More about

Show Comments
 

Latest News

07:00AM
70 years of leadership on show as EDGE 2015 confirms stellar keynote line-up
06:00PM
Exclusive Networks APAC posts bumper growth in first quarter
05:00PM
Ingram Micro launches professional and training services for Aussie resellers
04:39PM
Symantec's Holtzhausen to head Veritas channel business across APJ
More News
26 May
IM Experience, Brisbane
26 May
SplunkLive! Brisbane
26 May
Entrepreneurial Marketing - Innovative Thinking to Create or Re-Invigorate your ...
26 May
D-Link IP Surveillance Training and Certification
View all events