Dicker Data CEO Sells 4.6% Stake in Firm

MT Newswires Live

2025/03/19

Dicker Data (ASX:DDR) confirmed that Chief Executive and Chair David Dicker sold 8.3 million shares in the firm, representing around 4.6% of issued capital, at AU$8.10 per share, according to a Wednesday Australian bourse filing.

As a result, Dicker Data's free float is expected to increase to 50% from around 46%.

The proceeds from the share sale will used to fund Dicker's final divorce settlement installment, along with other personal funding needs.

Dicker entered into a 12-month escrow on his remaining stake.

The company's shares fell 1% in early trading on Wednesday, earlier hitting their lowest since October 2020.

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