May 6, 2020 / 11:44 PM / 24 days ago

BRIEF-Dicker Data Announces Fully Underwritten Institutional Placement To Raise $50 Mln

May 7 (Reuters) - Dicker Data Ltd:

* ANNOUNCES FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE $50 MILLION

* LAUNCHES NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO ADDITIONAL $5 MILLION

* PLACEMENT WILL BE CONDUCTED AT A PRICE OF $6.70 PER NEW SHARE

* SEEN STRONG Q120 PERFORMANCE WITH RECORD MONTHLY REVENUE ACHIEVED IN MARCH 2020

* TOTAL MONTHLY REVENUE FOR APRIL $163.7M, UP 37.7%

* SURGE IN APRIL DEMAND FROM SIGNIFICANT MOBILISATION TO REMOTE WORKING SOLUTIONS Source text for Eikon: Further company coverage:

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