Superdry completes £12m equity raise

Exterior of SuperDry Manchester store

Superdry has successfully completed an equity raise of £12m as the retailer pursues a turnaround programme.

The equity raise represents 19.1% of the company’s existing issued share capital and will raise gross proceeds of approximately £12m.

The fashion retailer said the offer price for new ordinary shares was at a 9.9% discount to the closing share price of 84.7 pence on May 2.

 

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