March 16, 2017 / 10:31 PM / 5 months ago

BRIEF-Reckon proposes to de-merge Document Management segment

March 17 (Reuters) - 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 Source text for Eikon: Further company coverage:

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