21 December 2000
Iceland founder sells 14m shares

By FWi staff

ICELAND founder and executive chairman Malcolm Walker has revealed that he has sold some of his shares in the frozen food group for 14 million.

He sold 4m shares at an average price of 339.13p, leaving him with a holding of 1.65 million, 0.48% of the company, reports The Daily Telegraph.

But with executive share options and long-term incentive scheme shares, he retains a total interest of 4.5m.

Iceland shares slipped 3p to 325.5p on the news.

Mr Walker said it was not unreasonable to sell shares hes held for 30 years, and insisted that he still had faith in the company.