Login
iscover
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.
Newsletter
Reckon confirms director resignation, block share trade
27 July 2017
•
4 minute read
Yesterday, Reckon announced the resignation of Christopher Woodforde in an ASX announcement, effective immediately.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
“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.
You need to be a member to post comments. Become a member for free today!
