Superdry Plc (GB:SDRY) has released an update.
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Superdry Plc has announced key capital and restructuring measures to avert insolvency, including an equity raise, and plans to delist from the London Stock Exchange. The proposed actions, which are inter-conditional, aim to stabilize the company’s financials and enable the execution of its turnaround strategy. Shareholders are urged to vote in favor of the resolutions at the upcoming General Meeting on 14 June 2024 to prevent the company from entering administration and significant shareholder investment loss.
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