May 7 (Reuters) - Dicker Data Ltd DDR.AX :
* ANNOUNCES FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE $50 MILLION
* LAUNCHES NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO ADDITIONAL $5 MILLION
* PLACEMENT WILL BE CONDUCTED AT A PRICE OF $6.70 PER NEW SHARE
* SEEN STRONG Q120 PERFORMANCE WITH RECORD MONTHLY REVENUE ACHIEVED IN MARCH 2020
* TOTAL MONTHLY REVENUE FOR APRIL $163.7M, UP 37.7%
* SURGE IN APRIL DEMAND FROM SIGNIFICANT MOBILISATION TO REMOTE WORKING SOLUTIONS