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Superdry plc Announces Results of General Meeting
On 14 June 2024, Superdry plc held a General Meeting where all proposed Resolutions were approved by shareholders. The resolutions, detailed in a Circular, are now accessible on the National Storage Mechanism.
The Independent Directors approved the Placing, weighing factors like liquidity needs, creditor interests, and shareholder dilution. The Placing is expected to raise £10 million, viewed as critical for Superdry's turnaround plan amidst a challenging economic environment.
The implementation of the Placing awaits the Court's sanctioning of the Restructuring Plan. Key upcoming dates include the Court hearing on 17 June and the cancellation of share listings on 15 July.
Chairman Peter Sjölander expressed gratitude to shareholders for their support, emphasizing this step's importance in the company's restructuring and future growth.
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