Two Ocado executives have sold millions of pounds worth of shares having seen the value of the company almost treble in just six months.
Neill Abrams, 53, the online grocer’s in-house lawyer, sold 1m shares, earning him almost £8.1million.
At the same time, chief operating officer Mark Richardson, also 53, pocketed £6.2million after selling nearly 900,000 shares.
Ocado’s in house lawyer Neill Abrams sold 1m shares at just under £9 each earning almost £9m while chief operating officer Mark Richardson sold 893,100 shares for a total of £8m
The sales followed a dramatic surge in the Ocado share price, enabling the two directors to cash in on the company’s improving fortunes.
The stock hit an all-time high of 901.6p last month having been trading at around 240p six months earlier.
Ocado shares last night closed up 0.8 per cent, or 7.2p, at 879.4p.