Dicker Data Announces Change in Substantial Holder’s Voting Power

Dicker Data Limited ( (AU:DDR) ) has provided an update.

Dicker Data Limited has announced a significant change in the voting power of its substantial holder, David John Dicker. The change follows the termination of a Bloc Agreement with Ms. Brown, which previously allowed Mr. Dicker an indirect interest in 55,753,571 shares. As a result, Mr. Dicker’s voting power has decreased from 47.50% to 16.62%, impacting his influence over the company’s decisions. This development could have implications for the company’s governance and strategic direction, affecting stakeholders’ interests.

The most recent analyst rating on (AU:DDR) stock is a Buy with a A$10.40 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

More about Dicker Data Limited

Dicker Data Limited operates in the technology distribution industry, focusing on providing a wide range of IT hardware, software, and cloud solutions to resellers across Australia and New Zealand. The company is known for its strong partnerships with leading technology vendors and its commitment to delivering innovative solutions to its clients.

Average Trading Volume: 324,160

Technical Sentiment Signal: Hold

Current Market Cap: A$1.53B

For detailed information about DDR stock, go to TipRanks’ Stock Analysis page.