RECKON LIMITED — Major Shareholding Notification 2018

Mar 6, 2018

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	RECKON LIMITED
ACN/ARSN	003 348 730

1. Details of substantial holder (1)

Name		SPHERIA ASSET MANAGEMENT PTY LIMITED
ACN/ARSN (if applicable)	611 081 326
There was a change in the interests of the substantial holder on		02/03/2018
The previous notice was given to the company on		15/12/2017
The previous notice was dated		15/12/2017

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes Voting power (5)		Person's votes Voting power (5)
ORDINARY	7,326,014 6.46%		8,896,535 7.85%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered holder	Person entitled to be	Nature of relevant	Class and number	Person's votes
relevant	of securities	registered as holder	interest (6)	of securities
interest		(8)
See
Annexure
B

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
SPHERIA ASSET MANAGEMENT PTY LIMITED	LEVEL 35, 60 MARGARET STREET, SYDNEY NSW 2000

Signature

print name	MATTHEW BOOKER	capacity	DIRECTOR
sign here		date	06/03/2018

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

RECKON LIMITED

Annexure A - Purchases and Sales

From Date To Date Person Whose Relevant Interest Changed Nature of Change Consideration Number of Securities

16-Dec-17 06-Mar-18 Spheria Asset Management Pty Limited BUY 1,144,619 \$ 757,492 02-Mar-18 06-Mar-18 Spheria Asset Management Pty Limited IN-SPECIE TRANSFER 813,029 1,144,619.0 1,570,521

This is Annexure "A" of 1 page as mentioned in Form 604 Notice of change of interests in substantial holder

Signed by:

Capacity: Director

Matthew BookerDate: 06-Mar-2018

RECKON LIMITED

Annexure B - Registered Holders

As at: 6 March 2018

Ho lde r of Re lev ant Int st ere	Reg iste red Ho lde r of Se ity cur	Na tur f R ele t In ter est e o van	Cl of Sec urit ies ass	Nu mb f S riti er o ecu es	Pe nal Vo tes rso
Sph eria Ass et M Pty Lim ited ent ana gem	RB C I sto r S ices Tr ust nve erv	her ited ha s th Sp ia A t M Pty Lim ent er t sse ana gem e p ow o d/o l vo ting r th e d isp l of itie tro con an osa se cur s	Or din Sha ary res	4,5 53, 932	4, 553 ,93 2
Sph ited eria Ass et M ent Pty Lim ana gem	Citi ban k N A	Sp her ia A t M Pty Lim ited ha s th ent er t sse ana gem e p ow o l vo d/o r th e d l of ting isp itie tro con an osa se cur s	din Sha Or ary res	433 ,24 3	433 ,24 3
Sph eria Ass et M Pty Lim ited ent ana gem	JPM Cha Ban k, N .A. (Sy dne y B ch) org an se ran	her ia A Lim ited ha s th Sp t M ent Pty er t sse ana gem e p ow o d/o l vo ting r th e d isp l of itie tro con an osa se cur s	Or din Sha ary res	2,9 12,2 21	2,9 12,2 21
Sph eria Lim ited Ass et M ent Pty ana gem	Nat ion al A rali a B ank Ltd ust	her ited ha s th Sp ia A t M Pty Lim ent er t sse ana gem e p ow o l vo d/o r th e d l of ting isp itie tro con an osa se cur s	din Sha Or ary res	997 ,13 9	997 ,13 9
					8,8 96, 535

This is Annexure "B" of 1 page as mentioned in Form 604 Notice of change of interests in substantial holder

Signed by:

Capacity: Director Date: 06-Mar-2018

Matthew Booker