LONDON Feb 6 Jason Gissing, the co-founder of
British online grocer Ocado, which said this week he
would quit in May, has sold one sixth of his shareholding in the
firm for over 15 million pounds ($24.5 million).
A stock exchange filing published on Thursday showed
Gissing, currently Ocado's commercial director, sold 3.05
million shares at 498.75 pence on Feb. 4, reducing his stake in
the group by 0.52 percent to 2.56 percent.
Ocado said on Tuesday Gissing wanted to spend more time with
his family and focus on environmental and social issues.
Shares in Ocado, which have risen nearly five-fold over the
last 12 months, were up 1.6 percent at 535 pence at 1030 GMT.