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Anchorage Capital To Sell Dick Smith Shares

Anchorage Capital To Sell Dick Smith Shares

Yesterday we reported that Anchorage’s 20% remaining stake along with $30m dollars’ worth of shares owned by senior management including Marketing Director Neil Merola and CEO Nick Aboud are set to be released from escrow today which is when Dick Smith is tipped to announce the acquisition of Computelec a Melbourne based reseller.

In a statement issued to the ASX today the Company said “In light of recent trading results and our positive view of the Company’s future prospects, we currently have no intention of selling at the prevailing market price. We have appointed Macquarie Capital as our financial adviser and broker in relation to our stake. Should Anchorage decide to divest of some or all of our stake, Anchorage intends to instruct Macquarie Capital to sell its shares having regard to recent trading activity and the prevailing share register at that time”.