Superdry in 'positive' talks with investors about 20% equity raise
Fashion retailer Superdry confirmed on Tuesday that it is in "positive" discussions with certain institutional and other investors about a proposed equity fundraising of up to around 20%.
FTSE All-Share
4,431.13
16:49 18/11/24
n/a
n/a
FTSE Small Cap
6,794.36
16:34 18/11/24
n/a
n/a
Personal Goods
13,790.18
17:09 18/11/24
-0.28%
-39.35
Superdry
3.29p
16:40 12/07/24
-3.09%
-0.11p
Responding to press speculation, the company said that founder and chief executive Julian Dunkerton "intends to significantly participate in the equity raise and provide a material underwriting commitment, reflecting his confidence in the long-term prospects of the business".
A further announcement about the fundraising will be made in due course as appropriate, Superdry said.
At 0920 BST, the shares were up 7.3% at 92.40p.