Edition:
United States

Reckon Ltd (RKN.AX)

RKN.AX on Australia Stock Exchange

1.28AUD
20 Oct 2017
Change (% chg)

$-0.01 (-1.15%)
Prev Close
$1.30
Open
$1.30
Day's High
$1.31
Day's Low
$1.28
Volume
205,957
Avg. Vol
238,405
52-wk High
$1.82
52-wk Low
$1.13

Latest Key Developments (Source: Significant Developments)

Reckon updates on de-merger of its document management business​
Wednesday, 5 Jul 2017 10:46pm EDT 

July 6 (Reuters) - Reckon Ltd :Getbusy will require £3 million of working capital ;funds will be raised by non-renounceable rights issue of getbusy shares to reckon shareholders​.‍rights issue will be conducted on basis of 20 getbusy shares for every 213 reckon shares​.Reckon ltd - has implemented re-organisation of its dms business via a series of asset and share sales such that dms business will be ultimately held by getbusy.‍daniel rabie, presently coo of reckon limited, will be appointed ceo of getbusy​.‍ updates on de-merger of its document management business​.  Full Article

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

BRIEF-Reckon updates on de-merger of its document management business​

* Getbusy will require £3 million of working capital ;funds will be raised by non-renounceable rights issue of getbusy shares to reckon shareholders​