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Director dealings: Ocado non-exec spends £2.7m after share plunge

(Sharecast News) - One of Ocado's non-executive directors took advantage of its share price plunge this week, as the company disclosed a purchase worth almost £3m on Friday. The FTSE 250 company, which develops warehousing technology and runs a grocery delivery firm in partnership with Marks and Spencer, said Apple III Limited bought the shares on Thursday.

Ocado said the Bermuda-domiciled Apple III Limited is wholly-owned by Apple III Trust, of which non-executive director Jorn Rausing is a "discretionary beneficiary".

The company paid 644.79p for each share, spending a total of £2,721,047.56.

Shares in Ocado plunged after it warned of slowing business earlier this week, having peaked at 797p at the close on Monday.

At the close on Friday, they were up 1.13% on the day but still down almost 14% for the week, at 653.37p.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Ocado Group (OCDO) Director name: Rausing,Jorn Amount purchased: 422,004 @ 644.79p Value: £2,721,047.56

Dunelm Group (DNLM) Director name: Harrison ,Andy Amount purchased: 33,206 @ 748.00p Value: £248,380.88

Wickes Group (WIX) Director name: Wood,David Amount purchased: 120,980 @ 123.36p Value: £149,240.93

Dalata Hotel Group (cdi) (DAL) Director name: Crowley,Dermot Amount purchased: 10,000 @ 3.23 Value: 29,144.14

Haydale Graphene Industries (HAYD) Director name: Banks,David Amount purchased: 735,585 @ 1.93p Value: £14,196.79

Future Metals Nl (di) (FME) Director name: Kininmonth,Jardee Amount purchased: 188,605 @ $0.13 Value: $12,478.50

Omega Diagnostics Group (ODX) Director name: Lea,Christopher Paul Amount purchased: 400,000 @ 2.81p Value: £11,240.00

Vianet Group (VNET) Director name: Dickson,James Amount purchased: 20,000 @ 49.48p Value: £9,896.00

Omega Diagnostics Group (ODX) Director name: Douglas,Simon Gordon Amount purchased: 260,001 @ 2.88p Value: £7,488.03

Abrdn Uk Smaller Companies Growth Trust (AUSC) Director name: Scholefield,Tim Amount purchased: 1,100 @ 444.57p Value: £4,890.29

Omega Diagnostics Group (ODX) Director name: Grewal,Jag Amount purchased: 159,180 @ 2.89p Value: £4,600.30

Mortgage Advice Bureau (holdings) (MAB1) Director name: Tilley,Lucy Amount purchased: 32 @ 940.00p Value: £300.80

Mortgage Advice Bureau (holdings) (MAB1) Director name: Thompson,Ben Amount purchased: 32 @ 940.00p Value: £300.80

Anglo American (AAL) Director name: O'Neill ,Tony Amount purchased: 6 @ 2,888.00p Value: £173.28

Bae Systems (BA.) Director name: Greve,Brad Amount purchased: 20 @ 775.58p Value: £155.12

British Land Company (BLND) Director name: Carter,Simon Amount purchased: 37 @ 406.53p Value: £150.42

British Land Company (BLND) Director name: Mistry,Bhavesh Amount purchased: 37 @ 406.53p Value: £150.42

Ocado Group (OCDO) Director name: Abrams,Neill Amount purchased: 24 @ 623.20p Value: £149.57

Ocado Group (OCDO) Director name: Daintith,Stephen Amount purchased: 24 @ 623.20p Value: £149.57

Ocado Group (OCDO) Director name: Richardson,Mark Amount purchased: 24 @ 623.20p Value: £149.57

Ocado Group (OCDO) Director name: Jensen,Luke Amount purchased: 24 @ 623.20p Value: £149.57

Ocado Group (OCDO) Director name: Steiner,Tim Amount purchased: 24 @ 623.20p Value: £149.57

Bae Systems (BA.) Director name: Woodburn,Charles Amount purchased: 19 @ 775.58p Value: £147.36

Anglo American (AAL) Director name: Pearce,Stephen Amount purchased: 5 @ 2,888.00p Value: £144.40

Anglo American (AAL) Director name: Wanblad ,Duncan Amount purchased: 4 @ 2,888.00p Value: £115.52

Top Director Sells

Dunelm Group (DNLM) Director name: Wilkinson,Nick Amount sold: 15,616 @ 750.00p Value: £117,120.00

Futura Medical (FUM) Director name: Barder,James Henry Amount sold: 250,000 @ 45.20p Value: £113,000.00

Deliveroo Class A (ROO) Director name: Miller,Adam Amount sold: 41,016 @ 93.00p Value: £38,144.88

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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