Xero's Drury sells another A$240m of shares

Mon, 07 Dec 2020

Xero founder Rod Drury, who is still a director of the company, has been selling shares again, this time unloading 1.8 million shares for A$240.1 million.In September, Drury sold 2 million shares in the accounting software firm for A$198 million.The latest sale was in two tranches, almost 1.8 million shares at A$133.02 each and another 48,505 at A$133.51. That compares with the average price in September of A$99 per share.Following the sales, Drury now owns 8.1 percent of Xero, or 11.9 million shares.A company running a charitable trust of whic...

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