Xero founder Rod Drury pocketed $A198m on Wednesday when he parted with two million shares in the company.
The share price of the cloud accounting software company has increased 23-fold since first listing on the ASX in 2012.
The shares reportedly sold for $A99 each. It is not the first time Drury has cashed in. Other big sales include NZ$122 million in 2019 and NZ$95 million in 2017.
Coal and reducing operations at NZ's largest energy users got us through winter.
The sale will result in a $70m gain on telco's books.
The once hard-to-access investment option is becoming mainstream.
Research shows flexible workspaces improve health and productivity
The sale will result in a $70m gain on telco's books.
Zespri's producer vote to expand global supply passed this week.
Current CFO Mike Roan will take Barclay's spot atop Meridian.
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