Xero directors Drury, Winkler and Morgan cash in on 35% share price rally

Wed, 25 Nov 2015

By Paul McBeth Nov. 26 (BusinessDesk) - Xero founder Rod Drury and directors Craig Winkler and Sam Morgan sold shares on market in a multi-million dollar payday, taking advantage of a 35 percent rally in the stock this year. Drury and Winkler each sold 1 million shares at $20.01, reaping some $20 million apiece, while Morgan sold 500,000 shares at the same price for about $10 million, according to notices lodged with the NZX. Drury and Winkler are still Xero's two biggest shareholders at 15.2 percent and 12.8 percent respectively, while...

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