AI assistant
DICKER DATA LIMITED — Capital/Financing Update 2013
Feb 19, 2013
64763_rns_2013-02-19_c702f5a7-cc38-446b-a2c8-2bfc6930500c.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
20 February 2013
Manager of Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
By E-Lodgement
DICKER DATA OPENS NEW WAREHOUSE EXPANSION INCREASING CAPACITY BY 5,000m[2]
The Board of Directors of Dicker Data Limited (ASX: DDR) is pleased announce the completion of our new 5,000m[2] warehouse expansion.
Officially opened on Wednesday, 20 February 2013, Dicker Data Limited has more than doubled total warehouse capacity with the completion of the new expansion. This comes as Dicker Data recently entered into a new finance facility with Macquarie Bank to allow for increased purchasing capacity with key vendor Hewlett Packard.
Chairman and CEO, David Dicker, commented – “We are pleased to have completed work on the facility expansion and have already begun utilising the additional space available to us. This project has been instrumental in facilitating for the future of our business and will help support operations as we continue to grow.”
Specifically designed to increase warehouse efficiencies, the stage two expansion was completed well ahead of schedule. Dicker Data is now considering commencing work on the third and final stage of development which would more than triple the original warehouse capacity.
For and on behalf of the Board,
==> picture [143 x 31] intentionally omitted <==
David Dicker Chairman & CEO
About Dicker Data Limited
Dicker Data Limited was listed on the Australian Stock Exchange on January 24, 2011. Since its listing, the company has achieved record trading results. The Company is Australia’s largest and longest established Australian owned distributor of Information Technology products. In addition to Lenovo its vendors include Hewlett-Packard, Toshiba, Samsung, ASUS and other major brands. The Company’s clients include over 2,600 value added resellers. For more information, see www.dickerdata.com.au