Xero’s Rod Drury sells A$200m shares

Xero’s Rod Drury sells A$200m shares
Rebecca Stevenson
The founder of cloud technology company Xero, Rod Drury, has sold 2 million shares in the ASX-listed business.Drury, via the Rodanna Ventures Trust, is selling a chunk of the trust's holding, he confirmed to BusinessDesk.The shares are reportedly being sold for A$99, a discount on the A$103 Xero’s shares were trading at on Wednesday, for about $A198 million.The Rodanna Trust held about 15.7 million shares before the sale. Rodanna’s trustees are Drury, Anna Drury and Scott Moran, Xero’s latest annual report showed.Drur...

More Listed Companies

Numbers and letters for investors
Markets

Simon Robertson: Numbers and letters for investors

A plea for standardised financial reporting from NZX-listed companies.

Simon Robertson 02 Mar 2024
Market watchdog puts Fletcher result under microscope
Markets

Market watchdog puts Fletcher result under microscope

Listed firms sitting on material information a theme of NZ RegCo oversight report.

How Gentrack made its India expansion work
Markets

How Gentrack made its India expansion work

Gentrack has more than 100 staff in Pune, India.

NZME boss calls for digital platform law
Listed Companies

NZME boss calls for digital platform law

NZME CEO Michael Boggs calls for government solution to big tech bargaining imbalance.

Daniel Dunkley 21 Feb 2024