Australia's Dicker Data falls as CEO sells stake

Dicker Data

19/03/2025 24:03

** Shares of information and communication technology hardware distributor Dicker Data DDR.AX fall 1.8% to A$8.35

** Stock marks its lowest point since August 8, 2023

** Dicker Data says CEO & Chair David Dicker has sold 8.3 million co shares for A$8.10 per share

** Co says proceeds from the sale will be used to fund Dicker's final divorce settlement instalment, among others

** Adds that DDR's free float is expected to increase to 50% from approximately 46%, post sale

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))