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

Published 06/07/2017, 04:13 pm
Updated 06/07/2017, 04:20 pm
BRIEF-Reckon updates on de-merger of  its document management business
RKN
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July 6 (Reuters) - Reckon Ltd RKN.AX

* 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 Source text for Eikon: ID:nASX7RW0Jx Further company coverage: RKN.AX

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