BusinessCompany NewsBloomsbury gave out share options ‘by mistake’

Bloomsbury gave out share options 'by mistake'

Harry Potter publisher, Bloomsbury, has announced that it is to overhaul its corporate governance procedures after it award 4.4 million share options to its executives by mistake.

Link: Harry Potter creates e-commerce magic

The error arose due to a misunderstanding of the rules of the option scheme, according to chairman and chief executive Nigel Newton. The mistake was unveiled as the company announced interim results, showing a profit of £3.9m.

Bloomsbury said that the cancellation would cost the company nothing and that pay would not rise to compensate for any loss of income, The Times reported.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor