Superdry proposes delisting from London Stock Exchange as part of turnaround plan

Avoiding ‘heightened exposure’

Superdry has proposed a delisting from the London Stock Exchange to shareholders, as part of an overhaul to get the company to a “more stable footing”.

In a stock exchange notice today (16 April), the fashion retailer announced a package of measures including its intention to delist from the London Stock Exchange, commence an equity raise of up to £10m and restructure its UK property estate and retail cost base. SSGA delists five ETFs from European exchanges to concentrate liquidity The firm said the measures are required to "return to a more stable footing, accelerate its turnaround plan and drive it towards a viable and sustainable future". Each measure will be "inter-conditional" upon the others, requiring each to be approved for ...