UK's Superdry soars on shareholder approval for fundraising to avoid bankruptcy

Superdry

14/06/2024 14:10

** Shares of UK fashion chain Superdry  SDRY.L  jump as much
as 43.3% at 4.6 pence; top gainer across all London stocks
    ** Company gets shareholder approval for a proposed
fundraising to avoid bankruptcy
    ** Proceeds of 10 mln pounds ($12.68 mln) from raised funds
will have sufficient liquidity for a turnaround plan - Superdry
    ** Company says all resolutions presented in general meeting
were passed
    ** As of last close, stock down ~90% YTD

($1 = 0.7887 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))