The parent company of Patisserie Valerie appears to have issued twice as many share options to two of its directors as it disclosed to investors in its most recent annual accounts, prompting concerns about the governance of the troubled café chain.
An adviser to leading shareholders in Patisserie Holdings has warned that company announcements show that twice as many share options were cashed in by the two executives this year as were disclosed as options granted to them in the company’s accounts.
The executives involved are Paul May, its chief executive, and Chris Marsh, the finance director.
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https://www.thetimes.co.uk/edition/business/patisserie-silent-over-share-option-discrepancy-8btfq7905
