Superdry plc: Result of Sanction Hearing

Superdry plc has announced the court's sanction of its Restructuring Plan following a hearing held on 17 June 2024. This is a key step in the company's ongoing Capital and Restructuring Measures, which include an Equity Raise and Delisting, aimed at securing its long-term future and profitability.

The Restructuring Plan received overwhelming support, with 99% of Plan Creditors backing it during meetings on 10 June 2024. This endorsement was a prerequisite for the Equity Raise, which shareholders approved on 14 June 2024.

Peter Sjӧlander, Chairman of Superdry, expressed gratitude towards the shareholders and creditors for their support. He stated, "This is an important moment for Superdry. The approved proposals will enable us to move forward with the right structure, balance sheet, and cost base to deliver our turnaround and future growth."