Superdry Plc (GB:SDRY) has released an update.
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Superdry Plc has announced the approval of all resolutions at their recent General Meeting, indicating shareholder support for a crucial equity raise aimed at restructuring the business. The successful vote facilitates a £10 million gross proceeds placement, bolstering the company’s liquidity and aiding its turnaround plan amidst challenging economic conditions. The resolutions include the implementation of a restructuring plan, share allotment authority, and delisting, with the process expected to be completed by mid-July 2024.
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