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EXPLOSIVE EXPOSE: If the NED who steered through illicit payments and approved massive bonuses for Sarah Willingham at Nightcap is independent I am a banana

By Tom Winnifrith, the Sheriff of AIM | Saturday 20 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

The chair of the Remuneration committee at Nightcap PLC (NGHT) is senior NED Toby Van der Meer. So it is Toby who must have approved the payments of £167,530 to settle legal liabilites of Dragon’s Den star Sarah Willingham,her husband Michael and others when the prospectus specifically said the company was indemnified. And Toby must have pushed through the 100% performance related bonus for La Willingham for last year when the group lost c£5 million. But as a NED he is independent right? Er…

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