Xero chair, COO book million-dollar paydays after shares more than triple in past year

Fri, 31 May 2013

By Paul McBeth May 31 (BusinessDesk) - Xero chairman Sam Knowles and chief operating officer Alastair Grigg cashed in some of their shares, which have more than tripled in price in the past 12 months, after a ‘black-out’ period ended when the accounting software-developer reported its annual result last week. Notices lodged with the stock exchange show Knowles, who was the founding chief executive of Kiwibank, sold 100,000 shares at $13.04 apiece, reaping $1.3 million on May 29, and Griggs sold 200,000 on the same day at the same price, net...

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