Prezzo’s non-executive chairman has sold shares in the Italian restaurant chain valued at £58,000. Michael Carlton exercised an option to sell 100,000 shares purchased at 5p each at a price of 58p a share. After the disposal he retains 100,000 share options and 940,000 ordinary shares in the company. Prezzo, led by chief executive Jonathan Kaye, purchased a package of restaurants and the rights to the Caffe Uno name in a £3.1m deal with Paramount Restaurants in August of last year.