David Exits Dicker After Final Share Sale

David Exits Dicker After Final Share Sale Concludes Formal Association With The Company He Co-Founded.

David Exits Dicker After Final Share Sale – David Dicker has exited the shareholder register of the company he co-founded nearly 50 years ago, offloading his remaining 30 million shares in Dicker Data via a block trade managed by Barrenjoey Capital Partners at $A8.35 per share.

The sale, executed before the market opened, marked a 9.7 per cent discount to the prior close and concluded Dicker’s formal association with the company following his resignation as chief executive and chairman in May.

The transaction occurred hours after Dicker Data reported a 15.7 per cent increase in gross revenue to $1.8 billion for the June half, with earnings rising 9.4 per cent to $75.4 million, returning the business to double-digit growth.

Dicker Data’s security distribution operations, known as Dicker DAS, also returned a strong first half result, with a revenue increase of 10.7 per cent during a period the SMB market is recovering from a painful post-COVID inflation interest rate spike that’s now easing.

Dicker Data’s co-founder Fiona Brown retains her powerful role as executive chair and no changes to Dicker DAS’ operations or strategy have been announced in connection with Dicker’s exit.

You can learn more about Dicker DAS here or read more SEN news here.

“David Exits Dicker After Final Share Sale Concludes Formal Association With The Company He Co-Founded.”