Xero director Craig Winkler sells down stake to raise funds for charity

Mon, 15 May 2017

By Paul McBeth May 16 (BusinessDesk) - Xero director Craig Winkler, who founded rival accounting software firm MYOB, says he sold down his stake in the cloud-based software firm as part of a 10-year plan to liquidate assets to fund philanthropic pursuits. Winkler sold 3 million shares on and off market at an average $22.63 apiece for a total of $67.9 million yesterday through First NZ Capital, a notice to the stock exchange shows. That was a discount to the $23.20 closing price yesterday. Winkler bought into Xero in 2009, paying 90 cents...

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