Peel Group founder tops up stake in Capital Shopping

The Deputy Chairman of retail-focused real estate investment trust Capital Shopping Centres Group (CSCG) has today bought a quarter of a million shares in the firm, topping up his already sizeable stake.

John Whittaker, who took his position on the board in January of last year, purchased 250,000 ordinary shares at 328.79p for a total of £821,975.

This transaction, which accounts for less than 1% of the total issued share capital of CSCG, takes his total interest in ordinary shares to 173,930,564, equal to a 20.21% stake in the group.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Whittaker, a founder of the Peel Group, first obtained a large interest in CSCG when joining the company last year through the sale of the Trafford Centre from Peel to CSCG. He still holds the Chairman position at Peel.

Top Director Buys

Capital Shopping Centres Group (CSCG)

Director name: Mr John Whittaker

Amount purchased: 250,000 @ 328.79p

Value: £821,975

Tristel (TSTL)

Director name: Mr Francisco Angel Soler

Amount purchased: 150,000 @ 33.00p

Value: £49,500

Top Director Sells

Beazley (BEZ)

Director name: Mr Martin Bride

Amount sold: 123,935 @ 139.10p

Value: £172,394

Tristel (TSTL)

Director name: Mr Peter F H Stephens

Amount sold: 150,000 @ 32.90p

Value: £49,350

BC