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:

Sponsored Content: Collaboration has become the new movement in IT. Servers will become an integral part of this industry transition. Click here to learn more.

Join the ARN newsletter!

Error: Please check your email address.

Tags Dicker Datasophisticated investorspublic ownershipliquidityDavid DickerFiona Brown

More about

 
Computerworld
CIO
Techworld
CMO

Latest News

05:22PM
Tor warns of possible disruption of network through server seizures
05:24AM
Sony looking for ways to distribute 'The Interview' online
04:33AM
Sony hack was 'cyber vandalism,' not act of war, says Obama
Dec 21
US rejects North Korea offer to investigate Sony hack, reaches out to China
More News
05 May
CeBIT Australia 2015
27 May
World Business Forum Sydney
View all events