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- 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
