Dicker Data: Completes $50M placement
- Despite only being announced yesterday, Dicker Data (DDR) has successfully completed its $50M placement
- The computer hardware and software distributor announced that it is looking to raise $55M to support its long-term growth objectives
- Approximately 7.5M shares were issued at a price of $6.70 per share
- The remaining $5M will be raised through a share purchase plan that will allow eligible shareholders to purchase up to $30,000 worth of shares
- Shares are expected to settle on May 12, and be issued and begin trading on the ASX on May 13
- Dicker Data has ended the day 1.11 per cent in the red with shares trading for $7.10 each
