Daily Roundup

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Dicker Data Announces Leadership Transition

Dicker Data (ASX: DDR) is undergoing a significant leadership change as co-founder David Dicker steps down from his roles as CEO, Chairman, and director. After co-founding the company in 1978 and playing a pivotal part in its success, Mr. Dicker will now pursue other interests.

However, Dicker Data is in capable hands, with an experienced three-person executive team - Vladimir Mitnovetski, Mary Stojcevski, and Ian Welch - taking the reins. This team brings a wealth of expertise and a shared commitment to driving the company forward. Fiona Brown, the other co-founder, will transition into an Executive Chair role to provide strategic guidance.

While Mr. Dicker will no longer be an executive, he has agreed to a six-month consultancy agreement to offer strategic advice. The company is grateful for his vision and contribution in building Dicker Data into the strong, innovative organization it is today.

Comms Group to Acquire TasmaNet in Strategic Move

Comms Group Ltd (ASX:CCG) has signed a binding agreement to acquire the business and assets of TasmaNet, a leading provider of communication and IT services in Tasmania. This transformational deal is expected to expand Comms Group's scale, service capabilities, and financial performance.

The acquisition adds significant network assets, including fixed wireless, fibre optic, and private cloud infrastructure, as well as over 600 government and business customers in Tasmania. It is expected to increase Comms Group's annualised revenue to ~$75 million and annualised underlying EBITDA to ~$9-10 million.

To fund the $10 million acquisition, Comms Group is raising $7 million through a placement and entitlement offer. The company sees this as a strategic move to increase its market share and geographical presence across the corporate and mid-market sectors, with particular opportunities to leverage the combined service offering to win larger customers.

Successful Completion of the Entitlement Offer for The Calmer Co International

The Calmer Co International Ltd (ASX: CCO) has successfully completed a renounceable rights issue, raising $1,000,713 before costs. The company issued 333,570,982 new shares and 166,785,491 options, with directors and management participating to demonstrate their confidence in the company's future.

The net proceeds will be used for capital expenditure, inventory expansion, marketing and brand promotion, as well as general working capital and costs associated with the offer. The new securities are expected to be issued on Friday, 16 May 2025.

Dexus Disputes Notice from APAC Board

Dexus (ASX: DXS) has received a notice from the APAC Board alleging a breach of confidentiality in the Dexus Bloc sale process. Dexus acts as trustee/manager for various interests representing circa 27% of Australia Pacific Airports Corporation (APAC), the owners of Melbourne and Launceston Airports.

Dexus intends to dispute the validity of the notice and will vigorously defend its position and its clients' interests. The Dexus Bloc represents approximately 10% of Dexus's total third-party funds under management and accounts for around $15 million of Dexus's management fees.

Metgasco Ltd Announces Non-renounceable Entitlement Offer

Metgasco Ltd (ASX:MEL) is offering a non-renounceable pro-rata entitlement offer to eligible shareholders. The offer aims to raise up to approximately $0.75 million (before costs) through the issue of up to 375,000,000 new shares at $0.002 (0.2 of a cent) per share.

The offer is partially underwritten up to $411,000, and eligible shareholders may also apply for additional shares beyond their entitlement. The funds raised will be used primarily to fund the Vali and Odin production uplift program and for general working capital requirements.