Boohoo upped the pressure on the board of Revolution Beauty demanding that the beauty products supplier publish details of share option awards given to senior executives.
The online retailer holds a 26.6% stake in Revolution Beauty and the latest move continues the war of words between the two firms.
Boohoo wants the terms of the grant of the free share awards to chief executive Bob Holt and chief financial officer Elizabeth Lake together with any award letters issued to the relevant individuals published without delay.
It also wants public confirmation that the proposed terms were not amended following the announcement by boohoo on 19 June of its intention to vote against the appointments of Bob Holt and Elizabeth Lake at the Revolution Beauty annual general meeting.
Boohoo pointed out shareholders were not consulted on the free share awards, did not approve the terms, nor approve the appointment of its two main beneficiaries as directors.
“This all demonstrates a lack of transparency and actions which are self-serving and not in the best interests of shareholders,” boohoo said.
Holt and Lake received around £2.1mln of free share awards, despite shareholders voting to remove them from office by an overwhelming majority.
At a dramatic AGM, shareholders led by boohoo voted to remove Holt, Lake and chair Derek Zissman.
But the three were subsequently reappointed in controversial circumstances.