Superdry gets shareholder nod for key equity raise
14/06/2024 13:28
June 14 (Reuters) - Britain's Superdry SDRY.L received
shareholder approval for a proposed fundraising as the fashion
chain braces for a restructuring plan to avoid falling into
administration, it said on Friday.
The company's independent directors said that the proceeds
of 10 million pounds ($12.7 million) from the placement will be
sufficient to implement the turnaround plan, after the
shareholders approved all the resolutions put forward at a
general meeting.
($1 = 0.7883 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Sonia Cheema)
((abyjose.koilparambil@thomsonreuters.com))