(Sharecast News) - Ocado revealed on Tuesday that non-executive director Jorn Rausing had acquired 1.78m ordinary shares in the FTSE 250-listed grocery software technology business.

Rausing, who snapped up the shares via Apple III Trust, purchased the sharaes on Friday at an average price of 199.96p each, for a total value of £3.57m.

The transaction comes hot on the heels of Rausing's £1.83m share purchase on 11 March.

As of 1525 GMT, Ocado shares were up 3.62% at 211.60p.

Reporting by Iain Gilbert at Sharecast.com

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Top Director Buys

Jardine Matheson Holdings Ltd (singapore Reg) (JAR)

Director name: Keswick,Adam Phillip Charles

Amount purchased: 50,000 @ $76.56

Value: $3,827,999.50

Ocado Group (OCDO)

Director name: Rausing,Jorn

Amount purchased: 1,789,302 @ 199.96p

Value: £3,577,922.29

Essentra (ESNT)

Director name: Good ,Steve

Amount purchased: 40,000 @ 93.08p

Value: £37,232.00

Top Director Sells

Convatec Group (CTEC)

Director name: Mason ,Jonny

Amount sold: 291,149 @ 234.40p

Value: £682,453.29

Pan African Resources (PAF)

Director name: Loots ,Cobus

Amount sold: 100,000 @ R34.51

Value: R153,980.69

Frontier Developments (FDEV)

Director name: Braben ,David John

Amount sold: 10,000 @ 365.00p

Value: £36,500.00

Pagegroup (PAGE)

Director name: Stagg ,Kelvin

Amount sold: 23,778 @ 144.65p

Value: £34,394.88