Patisserie Holdings has warned ahead of today’s general meeting that it is still unable to say when the suspension in trading of its shares will be lifted

The group continues to work with advisers to assess the extent of past financial misstatements and potential fraudulent activity, the board said.

It stressed that discussions at the meeting, which was called to approve a £15.7m share issue, would be restricted due to the ongoing investigations.

It comes as David Scott, the former chief executive of Druckers, issued a statement to the stock exchange denying any attempt to make a takeover bid for Patisserie Holdings.

It was reported by the Sunday Times that Scott had engaged a boutique adviser, Transcend Corporate, to sound out shareholders following a tumultuous month in which £40m hole was found in its accounts and its finance director arrested on suspicion of fraud.

Scott was quoted at the time as saying: “Patisserie Valerie can be turned around and pulled back. It’s a simple operation but it needs some real, tough day-to-day, hands-on management.”

However, in a statement to the stock exchange yesterday evening, Scott said: “Despite the media reports, I have not appointed nor do I intend to appoint a company to liaise with shareholders on my behalf and I have no interest in making an offer for or acquiring shares in Patisserie Valerie or any related companies.”