The retail and hospitality group, which Mr Scott also chairs, bought the property development company last month for £53.
m.
Under the terms of the deal CI Traders offered around three-quarters of this (£35.
m) in cash and a quarter in new CI Traders shares (17.
million valued at 66p a share).
But Comprop shareholders had the option to vary the proportion of cash and shares they received as long as it did not affect the total amount.
And Mr Scott, who owned 10,535,000 Comprop shares – about 30 per cent of the company – has opted mostly for cash.
The CI Traders offer valued each Comprop share at 144p.
In an announcement to the Stock Exchange last week, CI Traders reported that Mr Scott had added only 179,947 CI Traders shares to the 32,298,475 he already owns.
This means he has decided to take around £15m in cash, which is tax-free because Jersey has no capital gains tax.
