XRO
10/02/2012 11:00
RELINT
REL: 1100 HRS Xero Limited
RELINT: XRO: SSH notice - Disclosure of movement (R.Drury)
Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 23 and 24, Securities Markets Act 1988
Relevant event being disclosed: reduction in shares held by substantial
security holder
Date of relevant event: 9 February 2012
To: New Zealand Exchange
And: Xero Limited
Date this disclosure made: 9 February 2012
Date last disclosure made: 22 July 2010
Substantial security holder(s) giving disclosure
Name(s): Anna Stuck and Kenneth Drury
Contact details: Linda Cox, [email protected], 027 447 5537
Summary of substantial holding to which disclosure relates
Class of listed voting securities: ordinary shares
Summary for: Anna Stuck and Kenneth Drury
For this disclosure,--
(a) total number held in class: 22,553,113
(b) total in class: 99,833,865
(c) total percentage held in class: 22.59%
For last disclosure,--
(a) total number held in class: 23,644,022
(b) total in class: 88,330,956
(c) total percentage held in class: 26.77%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure under the
instructions to this form: an off-market transaction involving the disposal
of 1,090,909 ordinary shares from the substantial security holder at $2.75
per share for a total consideration of $3,000,000.
Details of relevant interests in substantial holding after relevant event
Details for: Anna Stuck and Kenneth Drury
Nature of relevant interest(s):
For that relevant interest,--
(a) number held in class: 22,553,113 ordinary shares
(b) percentage held in class: 22.59%
(c) current registered holder(s) of securities: no change
(d) registered holder(s) of securities once transfers registered: Anna Stuck
and Kenneth Drury
Additional information
Nature of connection between substantial security holders: n/a
Address(es) of substantial security holder(s): n/a
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates: [name]
Declaration
I, Linda Marie Cox, declare that, to the best of my knowledge and belief, the
information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
Linda Cox
Company Secretary for Xero Limited
End CA:00219397 For:XRO Type:RELINT Time:2012-02-10 11:01:00
