Ocado (OCDO) co-founder Jason Gissing has capped the announcement of his upcoming departure from the board by hiving-off over £15m in shares. Mr Gissing cashed in 3.05m shares at 499p a piece on 4 February, leaving him with a balance of 14.9m shares. After 14 years with the company, the current commercial director intends to step down at the May AGM.
His involvement is coming to an end just as the first online orders linked to last year’s 25-year deal with Morrisons (MRW) wend their way out to punters. The sale might have initially raised eyebrows, given that it came on the day Ocado reported widening full-year losses, but it was actually conducted through a blind trust, so Mr Gissing wasn’t involved in the decision. However, given that Ocado’s stock has appreciated by over 200 per cent since the Morrisons tie-up was announced, it’s unlikely the timing will have bothered the co-founder.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Aberdeen Asian Income Fund | DAH Baxter | 04 Feb 14 | 5,714 | 175 | 10,000 | 30,714 | 0.016 |
Albion Enterprise VCT | Lady Balfour of Burleigh | 31 Jan 14 | 1,711 | 97.4 | 1,667 | 24,837 | 0.077 |
Albion Enterprise VCT | MG Packe (ch) | 31 Jan 14 | 61,601 | 97.4 | 59,999 | 260,116 | 0.805 |
Albion Enterprise VCT † | Lady Balfour of Burleigh | 31 Jan 14 | 1,711 | 97.4 | 1,667 | 26,548 | 0.082 |
APC Technology | Leonard Seelig (ch) | 05 Feb 14 | 41,153 | 56.8 | 23,375 | 86,975 | 0.150 |
Ariana Resources * | William B Payne | 04 Feb 14 | 1,111,111 | 0.9 | 10,000 | 3,668,289 | 0.571 |
Ariana Resources * | Michael de Villiers (ch) | 04 Feb 14 | 1,000,000 | 0.9 | 9,000 | 11,000,000 | 1.712 |
Ariana Resources * | Kerim Sener | 04 Feb 14 | 1,888,888 | 0.9 | 17,000 | 10,187,979 | 1.585 |
ARM Holdings | Stuart Chambers | 05 Feb 14 | 10,000 | 904 | 90,400 | 10,000 | 0.001 |
Brewin Dolphin Holdings | Ian Dewar | 04 Feb 14 | 3,296 | 300.94 | 9,919 | 3,296 | 0.001 |
Chaarat Gold Holdings | Richard Rae | 03 Feb 14 | 200,000 | 9.7 | 19,400 | 200,000 | 0.080 |
Conviviality Retail | Martin Newman | 31 Jan 14 | 5,600 | 178 | 9,968 | 5,600 | 0.008 |
Daily Internet * | Chris Evans | 31 Jan 14 | 344,290 | 1.65 | 5,681 | 7,907,026 | 1.940 |
Diageo ♥ | IM Menezes (ce) | 31 Jan 14 | 34,000 | 1,807.04 | 614,394 | 633,802 | 0.025 |
Diageo ♥ | IM Menezes (ce) | 31 Jan 14 | 836 | 1,452.09 | 12,139 | 634,637 | 0.025 |
e2v technologies | Dr Krishnamurthy Rajagopal | 03 Feb 14 | 30,000 | 157.97 | 47,391 | 50,000 | 0.023 |
e2v technologies | Neil Johnson (ch & ce) | 03 Feb 14 | 50,000 | 157 | 78,500 | 170,000 | 0.078 |
Edinburgh Inv Trust (The) | Victoria Hastings | 30 Jan 14 | 5,000 | 583.73 | 29,187 | 5,000 | 0.003 |
Europa Oil & Gas (Holdings) | Hugh Mackay (ce) | 30 Jan 14 | 545,880 | 8.2 | 44,762 | 2,340,883 | 1.143 |
Halma | Daniela B Soares | 05 Feb 14 | 583 | 599.6 | 3,496 | 1,319 | 0.000 |
JPMorgan European Smaller † | A Gupta | 03 Feb 14 | 1,500 | 1,159.3 | 17,390 | 1,500 | 0.005 |
JPMorgan Indian Inv Trust | Rosemary Morgan | 04 Feb 14 | 1,558 | 318.5 | 4,962 | 1,558 | 0.001 |
Jupiter Green Inv Trust | MA Naylor | 04 Feb 14 | 5,570 | 142.32 | 7,927 | 5,570 | 0.021 |
Lombard Risk Management | John McCormick | 03 Feb 14 | 3,835,000 | 13 | 498,550 | 9,176,756 | 3.484 |
Nasstar | Nick Bate | 04 Feb 14 | 750,000 | 6.5 | 48,750 | 750,000 | 0.212 |
New India Inv Trust | Rachel Beagles | 05 Feb 14 | 10,000 | 199.5 | 19,950 | 10,000 | 0.017 |
Northern Petroleum | Keith Bush | 03 Feb 14 | 85,000 | 31.18 | 26,503 | 85,000 | 0.089 |
Northern Petroleum | Stewart Gibson | 03 Feb 14 | 100,000 | 31 | 31,000 | 100,000 | 0.105 |
Paragon Resources | Andrew Beveridge (ce) | 05 Feb 14 | 4,155,787 | 0.24 | 9,974 | 45,844,213 | 10.523 |
Park | Michael De Kare-Silver | 03 Feb 14 | 5,000 | 55 | 2,750 | 5,000 | 0.003 |
Park | Laura Carstensen | 03 Feb 14 | 9,000 | 55 | 4,950 | 9,000 | 0.005 |
PZ Cussons | James Steel | 03 Feb 14 | 5,000 | 363 | 18,150 | 42,500 | 0.010 |
Quintain Estates & Development | William Rucker (ch) | 02 Feb 14 | 3,040 | 98.67 | 3,000 | 425,140 | 0.082 |
Rurelec * | Brian Rowbotham | 03 Feb 14 | 100,000 | 13.25 | 13,250 | 370,000 | 0.066 |
Safestore Holdings * | AH Martin | 04 Feb 14 | 20,000 | 175 | 35,000 | 40,000 | 0.019 |
Safestore Holdings * | I Krieger | 04 Feb 14 | 20,000 | 175 | 35,000 | 20,000 | 0.010 |
Safestore Holdings * | KG Edelman | 04 Feb 14 | 25,000 | 175 | 43,750 | 25,000 | 0.012 |
Safestore Holdings * | F Vecchioli (ce) | 04 Feb 14 | 300,000 | 175 | 525,000 | 1,451,331 | 0.701 |
Safestore Holdings * | A Jones (cfo) | 04 Feb 14 | 30,000 | 175 | 52,500 | 30,000 | 0.014 |
Safestore Holdings * | A Lewis (ch) | 04 Feb 14 | 200,000 | 175 | 350,000 | 400,000 | 0.193 |
Sound Oil | Simon Davies | 05 Feb 14 | 1,866,667 | 4.6 | 85,867 | 10,000,000 | 3.068 |
Sound Oil * | Tony Heath | 04 Feb 14 | 28,367 | 4.2 | 1,191 | 241,125 | 0.074 |
Sound Oil * | Dr G Orbell | 04 Feb 14 | 153,466 | 4.2 | 6,446 | 1,304,466 | 0.400 |
Sound Oil * | Simon Davies | 04 Feb 14 | 933,333 | 4.2 | 39,200 | 8,133,333 | 2.495 |
Sound Oil * | James Parsons (ce) | 04 Feb 14 | 58,107 | 4.2 | 2,440 | 321,473 | 0.099 |
Sound Oil * | Andrew Hockey (ch) | 04 Feb 14 | 33,970 | 4.2 | 1,427 | 76,470 | 0.023 |
Telford Homes | David Campbell | 03 Feb 14 | 11,219 | 347 | 38,930 | 37,319 | 0.063 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Advanced Computer Software | Michael Jackson (ch) | 03 Feb 14 | 300,000 | 112.152 | 336,456 | 2,122,884 | 0.446 |
Advanced Computer Software | Michael Jackson (ch) | 04 Feb 14 | 212,312 | 109.382 | 232,231 | 1,910,572 | 0.401 |
Advanced Computer Software | Michael Jackson (ch) | 04 Feb 14 | 487,688 | 108.3 | 528,166 | 1,422,884 | 0.299 |
Domino Printing Sciences | Nigel Bond | 05 Feb 14 | 9,789 | 793.4 | 77,666 | 73,180 | 0.065 |
International Greetings | Dr. Elaine Bond | 05 Feb 14 | 10,000 | 70 | 7,000 | 0 | 0.000 |
Lombard Risk Management | John Wisbey (ce) | 03 Feb 14 | 1,567,500 | 13 | 203,775 | 100,627,617 | 38.208 |
Mattioli Woods | Mark Smith | 04 Feb 14 | 17,500 | 415.5 | 72,713 | 52,246 | 0.262 |
Mattioli Woods | Bob Woods (ch) | 31 Jan 14 | 100,000 | 415 | 415,000 | 3,293,703 | 16.534 |
Ocado | Robert Gorrie | 04 Feb 14 | 275,000 | 501.8 | 1,379,950 | 415,660 | 0.067 |
Ocado | Jason Gissing | 04 Feb 14 | 3,050,000 | 498.75 | 15,211,875 | 14,933,800 | 2.415 |
* placing/open offer † spouse/connected party ♥ depositary receipt |