RECKON LIMITED — Major Shareholding Notification 2021

Sep 9, 2021

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	RECKON LTD
ACN/ARSN	003 348 730
1. Details of substantial holder (1)
Name	Spheria Asset Management Pty Ltd

ACN/ARSN (if applicable)	611 081 326

The holder became a substantial holder on 08/09/2021

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORDINARY FULLY PAID	10,293,940	10,293,940	9.09%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
REFER TO ANNEXURE A

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class and number of securities
REFER TO ANNEXURE B

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
REFER TO ANNEXURE C

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

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

7. Addresses

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

Name	Address
REFER TO ANNEXURE D

Signature

print name	MATTHEW BOOKER	capacity	DIRECTOR
sign here		date	10/09/2021

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 7 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 total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. 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.

• (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) 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.

Annexure A
Holder of relevant interest	Nature of relevant interest	Number of	Class of securities
		securities
Spheria Asset Management Pty Ltd	Spheria Asset Management Pty Ltd in its capacity as		10,293,940 Ordinary fully paid
	investment manager has the power to control voting and/or
	disposal of securities.

This is Annexure "A" as mentioned in form 603 Notice of initial substantial holder

Matthew Booker

Director Date: 10/09/2021

Annexure B

Holder of relevant interest	Registered holder of securities	Person entitled to beregistered as holder	Number ofsecurities	Class ofsecurities
Spheria Asset Management	BNP Paribas Securities Services	BNP Paribas SecuritiesServices	862,485	Ordinary fully paid
Spheria Asset Management	Citibank	Citibank	6,628,049	Ordinary fully paid
Spheria Asset Management	JP Morgan Chase Bank	JP Morgan Chase Bank	1,656,231	Ordinary fully paid
Spheria Asset Management	NAB Custodial Services	NAB Custodial Services	660,992	Ordinary fully paid
Spheria Asset Management	Northern Trust	Northern Trust	486,183	Ordinary fully paid

This is Annexure "B" as mentioned in form 603 Notice of initial substantial holder

Matthew Booker

Director

Date: 10/09/2021

Annexure C

Holder of relevant interest					Number of
	Trade Date	Consideration		securities	Class of Securities
		Cash		Non-cash
Pinnacle Investment ManagementGroup Limited (and its						ORDINARY FULLY PAID
subsidiaries listed in Annexure A)	2021-07-05 to2021-09-09	$	5,872,581.41		5,875,574

This is Annexure "C" as mentioned in form 603 Notice of initial substantial holder

RECKON LTD Director

Date: 10/09/2021

Annexure D

Name	Address
Spheria Asset Management Pty Ltd	Level 19, 307 Queen St, Brisbane QLD 4000, Australia

This is Annexure "D" as mentioned in form 603 Notice of initial substantial holder

Matthew Booker Director Date: 10/09/2021