- Release Date: 20/12/12 13:07
- Summary: RELINT: XRO: Director reduces stake in Xero
- Price Sensitive: No
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XRO 20/12/2012 11:07 RELINT REL: 1107 HRS Xero Limited RELINT: XRO: Director reduces stake in Xero MARKET RELEASE Director reduces stake in Xero 20 December 2012 Xero Limited (XRO) advises that Xero director Sam Morgan sold 1 million shares at $7.40 in an off-market transaction to a range of New Zealand institutions. This reduces his stake in the company to under 5%. Mr Morgan retains 5.1 million shares (4.37% of shares on issue). Sam Morgan says, "I remain completely committed and excited about the company. Xero is my largest individual investment and trimming my shareholding is something I've done simply to restore a bit of balance in my portfolio after Xero's share appreciation in 2012." ENDS For more information contact: Rod Drury Xero CEO [email protected] +64 27 6000 007 End CA:00231435 For:XRO Type:RELINT Time:2012-12-20 11:07:27
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