Ocado non-executive director Jorn Rausing has been on a big shopping spree, spending more than £17m on shares in the grocery deliverer.

He took 16.6m at between about 97p and 118p a time and now has 62.7m, which is about 11.24% of the company.

Rausing joined the board of Ocado when the investment group he is attached to, Apple Trust, made an initial investment in Ocado in 2003.

He is a member of the Swedish Rausing family, which made a fortune by developing Tetra Pak milk cartons. He is head of mergers and acquisitions for Tetra Laval, the packaging company.

Shares in Ocado fell sharply last week on news that its main rival in the grocery delivery market, the supermarket Tesco, is to launch a major price cutting offensive to tempt cash-strapped customers.

Earlier this month, Ocado said it saw sales increase by almost one-fifth in the first two-thirds of its financial year, despite continuing capacity constraints at its Hatfield depot.

Gross sales in the 36 weeks to August 7th hit £444.6m, up 19.5% from £372.2m in the equivalent period in 2010.

Top Director Buys

Ocado Group (OCDO)
Director name: Mr Jorn Rausing
Amount purchased: 600,000 @ 104.79p
Value: £628,740

Ocado Group (OCDO)
Director name: Mr Jorn Rausing
Amount purchased: 600,000 @ 100.48p
Value: £602,880

Ocado Group (OCDO)
Director name: Mr Jorn Rausing
Amount purchased: 260,677 @ 97.48p
Value: £254,108

Ocado Group (OCDO)
Director name: Mr Jorn Rausing
Amount purchased: 200,000 @ 117.99p
Value: £235,980

Continental Coal Limited (DI) (COOL)
Director name: Mr Jason P Brewer
Amount purchased: 241,667 @ 15.24p
Value: £36,830

Atkins (WS) (ATK)
Director name: Dr Uwe Krueger
Amount purchased: 10,000 @ 502.83p
Value: £50,283

Progressive Digital Media Group (PRO)
Director name: Mr Mark Meek
Amount purchased: 258,000 @ 15.50p
Value: £39,990

Bankers Petroleum Ltd. (BNK)
Director name: Mr Phil Knoll
Amount purchased: 9,000 @ 252.73p
Value: £22,746

Progressive Digital Media Group (PRO)
Director name: Mr Stephen Bradley
Amount purchased: 172,000 @ 15.50p
Value: £26,660

Bankers Petroleum Ltd. (BNK)
Director name: Mr Phil Knoll
Amount purchased: 4,900 @ 275.64p
Value: £13,506

Related share prices
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Progressive Digital Media Group (PRO) share price
Bankers Petroleum Ltd.(CDI) (BNK) share price
Ocado Group (OCDO) share price
Continental Coal Limited (DI) (COOL) share price