Jan 5 (Reuters) - Dick Smith Holdings Ltd DSH.AX :
* Voluntary administration DSH.AX
* Says sales and cash generation in December were below management expectations
* "Board believes the appointment of a voluntary administrator at this time is the best way to protect the interests"
* "Explored alternate funding"
* Says Mcgrathnicol has been appointed to act as voluntary administrator
* "Any success in obtaining alternative funding would not have been sufficiently timely to support short-term funding requirements"
* "Board and senior management intend to work with mcgrathnicol to explore all options to allow the company to continue as a going concern"
* "Directors are of the view that without this support, there is no option other than to appoint a voluntary administrator"
* "Directors have been unsuccessful in obtaining the necessary support of its banking syndicate to see it through this period"
* Source text for Eikon ID:nASX51rSsn