Superdry will officially exit the London Stock Exchange on Monday, July 15, as it embarks on its restructuring plan. The fashion retailer’s last day of trading on the main market is today.
The decision to delist follows recent approvals from creditors, shareholders, and the court for its turnaround programme, which aims to prevent insolvency. After delisting, Superdry’s shares will be traded on the JP Jenkins securities matching platform, which facilitates trading for unlisted companies on a matched bargain basis.
Superdry announced that it will review the facility’s provision based on shareholder demand. The move marks the end of Peel Hunt’s role as Superdry’s sponsor, financial adviser, and corporate broker.