Completion of Investment from Accel and Matrix Capital
Sydney, Mar 13, 2015 AEST (ABN Newswire) - Xero Limited (
ASX:XRO) (NZE:XRO) is pleased to announce that the investment in Xero Limited by Accel Partners and Matrix Capital Management, as announced to the market on 25 February 2015, was completed today, resulting in the issue of 6,643,636 Ordinary Shares in Xero Limited to AP Investments (HK) Limited, an entity controlled by funds affiliated with Accel Partners, and the issue of 715,433 Ordinary Shares in Xero Limited in favour of funds managed by Matrix Capital Management (the Share Issue).
Further details relating to the Share Issue are set out in the Appendix 3B released to the ASX, and the Notification of Allotment of Securities released to the NZX, on 13 March 2015.
About Xero Limited
Xero Limited (
ASX:XRO) (NZE:XRO) (OTCMKTS:XROLF) is a global company with offices in the United States, United Kingdom, Australia and New Zealand. Xero is the emerging leader in online accounting software, providing business owners with real-time visibility of their financial position in a way that's simple, smart and secure.
For advisors such as accountants and bookkeepers, Xero forges a trusted relationship with clients through online collaboration and gives them the opportunity to extend their services. Xero is a new type of multinational with teams around the world united in our passion to revolutionise small business.
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