The relationship stems from Newport’s role in helping Dicker list on the ASX.
Newport will be active in organic and inorganic growth planning, and execution of growth accretive transactions; planning and support of ways and means to increase liquidity of the company’s share capital (free float) over time; assisting the board to evaluate funding and financial structuring; and planning and supporting a road show to small cap fund managers later this year.
Dicker Data CEO and chairman, David Dicker, said it would work closely with the Newport team, expressing confidence in adding value to the company in the short to medium term.
Chairman of Newport Capital, Lou Richard, said it worked extensively within the high volume IT products distribution arena.
“We have confidence in the company’s capacity to deliver increasing value to shareholders over time,” Richard said in a statement.
Dicker began trading on the ASX on January 24.
Shares were trading at $0.18 at the time of publication.