Story image

Dicker Data employees score $1000 in company shares

12 Mar 2018

Dicker Data is giving its all of its employees with $1,000 worth of company shares, with the distributor describing the move as simple recognition of the hard work and continuing contribution of its employee base.

The offer will be made under and in accordance with the company's 40th-anniversary celebration employee share plan and will involve approximately 400 eligible employees across Australia and New Zealand.

The issue price for these new shares will be determined as the ASX closing price on the day before the date of issue, which is expected to be 28 March 2018.

For reference, Dicker Data’s current share price (as of the 12th of March) is sitting at $2.90.

Dicker Data chairman and CEO David Dicker says, “Since listing on the ASX in 2011, the growth in our share price and growth in the company’s key metrics have all been made possible by our staff.

"As we celebrate 40 years in business in 2018, this initiative is our way of giving back to our wider teams across ANZ and thanking them for their contribution towards our record results year after year.”

Assuming that all eligible employees accept the offer, the company expects to issue up to approximately 144,000 new shares on the issue date (which - at the current trading price - would be worth approximately $417,600).

Dicker Data says that the 40th anniversary celebration employee share plan is designed to enable the company to retain and attract skilled and experienced employees, while motivating them to make the company more successful.

Dynatrace takes pole position in APM Magic Quadrant
It placed highest on Ability to Execute and furthest on Completeness of Vision in the 2019 Quadrant for Application Performance Monitoring (APM).
HCL and Xerox expand strategic partnership
Under the terms of the agreement, HCL will manage portions of Xerox’s shared services, including global administrative and support functions.
Avaya expands integration with Google Cloud AI
This includes embedding Google’s machine learning within conversation services for the contact centre, enabling integration of AI capabilities.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.
Poly appoints new A/NZ managing director, Andy Hurt
“We’re excited to be bringing together two established pioneers in audio and video technology to be moving forward and one business – Poly."
Gartner: Local server revenue up by a quarter, shipments down
In Australia, server revenue increased 24.7% in 4Q18, while shipments declined 5.3%.
HPE launches 'right mix' hybrid cloud assessment tool
HPE has launched an ‘industry-first assessment software’ to help businesses work out the right mix of hybrid cloud for their needs.
IDC: Innovative wearable use cases drive double-digit growth
Wristbands are set to lose their dominance as hearables and industrial applications keep the wearables market moving forward.