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Reckon Ltd (RKN.AX)

RKN.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reckon proposes to de-merge Document Management segment
Thursday, 16 Mar 2017 06:27pm EDT 

Reckon Ltd : Proposed to de-merge Reckon's Document Management segment (representing approximately 15% of 2016 group turnover) under an independent company . Proposed every Reckon shareholder will receive pro rata Document Management Newco shares for Reckon shares held by way of a dividend in specie .Document Management Newco will trade on AIM market of London Stock Exchange.  Full Article

Webjet Ltd announces sale of Zuji
Tuesday, 8 Nov 2016 04:44pm EST 

Webjet Ltd : Sale of Zuji and full year earnings guidance . Sale of Zuji for $56 million to Hong Kong based travel technology group . Fy17 ebitda guidance of $78 million - includes $60 million for continuing businesses . Entered into an agreement to sell Zuji businesses in Hong Kong and Singapore to Reckon Holdings Limited and Sharp Focus Pacific Ltd . Webjet will provide transitional services on a fee-for-service basis for 12 months to assist with smooth transition of businesses to new owners . Remain on track to deliver more than $11 million ebitda from our b2b businesses during 2017 financial year . $26 million gain on sale of Zuji .Sale of Zuji and full year earnings guidance-web.ax.  Full Article

Reckon enters into loan syndication participation agreement with Prospa Advance
Thursday, 28 Jul 2016 07:25pm EDT 

Reckon Ltd : Online fintech loans partnership . Entered into a loan syndication participation agreement with prospa advance pty limited . Initial participation in its relationship with prospa was intended to be in a pilot form .  Full Article

More From Around the Web

BRIEF-Reckon proposes to de-merge Document Management segment

* Proposed to de-merge Reckon's Document Management segment (representing approximately 15% of 2016 group turnover) under an independent company