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

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

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

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor