News: RKN Reckon updates on de-merger of its document management business

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    July 6 (Reuters) - Reckon Ltd (RKN)

    • 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
 
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