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Reckon confirms director resignation, block share trade

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Reckon confirms director resignation, block share trade

Accounting software provider Reckon has announced the resignation of one of its directors, as well as confirming a block trade of shares that reportedly represent 7 per cent of the company.

Appointments Lara Bullock 27 July 2017
— 1 minute read

Yesterday, Reckon announced the resignation of Christopher Woodforde in an ASX announcement, effective immediately.

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“Christopher Woodforde joined Reckon as a non-executive director when he had a part-time role outside of Reckon,” a Reckon spokesperson told Accountants Daily.

“In June last year, Chris was given a full-time role which increased his international responsibilities. As time passed it became apparent that it was hard for Chris to commit to both roles. Chris has been a great contributor to the company and Reckon wishes him well in his other endeavours.”

The spokesperson said that a new board member will now be sought to replace Mr Woodforde.

A significant number of shares in Reckon were also sold yesterday. Fairfax Media reported that 7.97 million shares traded at $1.45 a share, which represents a 7 per cent stake of the software provider according to Fairfax.

“We will know after two days who sold and bought Reckon shares,” added the Reckon spokesperson.

 

Reckon confirms director resignation, block share trade
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