Market briefs: GRG International, Dicker Data, CSG

GRG completes purchase of eFunds; Dicker Data replaces company secretary; CSG announces dividend reinvestment plan

GRG closes eFunds acquisition

ATM distributor GRG International (ASX:GRG) has announced it has completed the acquisition of the eFunds Group.

The deal was announced in November, and the transaction was at the time flagged to be worth up to $15 million.

GRG said with the purchase it had gained control of the exclusive outsourced ATM partner to Suncorp-Metway, and with the additional assets now operates 620 ATMs in Australia. GRG shares fell 3.85 per cent on Wednesday to $0.250.

Dicker Data appoints company secretary

IT product distributor Dicker Data (ASX:DDR) has appointed Leanne Ralph as its new company secretary, effective Wednesday.

Leanne Ralph replaces Mary Mary Stojcevski in the role, but Stojcevski will stay on as CFO and executive director.

Dicker Data was admitted to the official ASX list on 20 January, and commenced public trading three days later. DDR shares stayed flat on Wednesday at $0.225.

CSG announces dividend reinvestment plan

IT services provider CSG Limited (ASX:CSV) has announced it is preparing a dividend reinvestment plan.

Chairman Philip Chambers on Wednesday sent out letters to shareholders, announcing the plan and spelling out the rules.

The plan will offer the ability for shareholders to increase their holdings without incurring brokerage or other costs. CSV shares fell 2.19 per cent in Wednesday's trading at $1.340.

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