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Patisserie Valerie calls for shareholders meeting, shares to remain suspended
The meeting will take place on November 1.
The parent company of British cafe chain Patisserie Valerie called a shareholder meeting about their proposal to raise £15.7 million to provide liquidity.
In their latest announcement, the group noted that its new shares on AIM would remain suspended and commence only once ts ordinary shares ceased to be suspended from trading.
Patisserie Valerie made headlines last week after discovering “significant, and potentially fraudulent” accounting irregularities, including almost £10 million in unreported loans, and the arrest of their chief financial officer.
The company avoided collapse following a £20 million loan from their chairman Luke Johnson.
