2% of the company’s ordinary share capital.
On 5 May a company wholly owned by Mr Scott, Lapwing Investments Ltd, bought 1.
million shares at 64p per share and the following day purchased a further five million shares at 66p and 100,000 at 65p per share.
CI Traders non-executive director David Norman – managing director of Norman Ltd and chairman of Jersey Water – has also increased his beneficial interest in the company to 300,000 shares, which is 0.
18% of the total.
The latest trades follow the sale last week of five million shares held by Guernsey-registered Fairmain Settlement.
CI Traders is the largest company in the Channel Islands.
In addition to Checkers supermarkets and Ann Street pubs, the group owns a bottling plant near Nantes and Blubeckers restaurants in the UK.
Last year it acquired property group Comprop and last week announced the purchase of the Safeway supermarkets in Jersey and Guernsey.
Mr Scott’s beneficial interest is now the largest held by any individual on the CI Traders board.
A substantial interest is also held by non-executive director and Guernsey Jurat David Lowe, who owns shares in his own name and is also chairman and managing director of Cadic Holdings Ltd, which holds about 12% of the shares.
