Superdry plc: MSCL -Miscellaneous - Low Priority - Equity Raise Post Transaction Report (1631289)
May 12 2023 - 2:00AM
UK Regulatory
Superdry plc (SDRY) Superdry plc: MSCL -Miscellaneous - Low
Priority - Equity Raise Post Transaction Report 12-May-2023 / 07:00
GMT/BST
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12 May 2023
Superdry PLC
("Superdry" or the "Company")
Equity Raise Post Transaction Report
In accordance with the Statement of Principles (November 2022)
published by the Pre-Emption Group, Superdry PLC (LSE: SDRY),
announces the following post transaction report in connection with
the Company's non-pre-emptive issue of equity securities, as
announced on 2 May 2023 and 4 May 2023.
Terms defined in the equity raise announcement issued on 2 May
2023 (the "Equity Raise announcement") have the same meanings in
this announcement unless the context provides otherwise.
Name of Superdry plc
Issuer
The Company issued 15,700,000 new Ordinary Shares in total (the "New Shares") (comprising 14,489,642
Placing Shares and 1,210,358 REX Retail Offer Shares), representing approximately 19.1% of the Company's
ordinary share capital as of 2 May 2023.
Transaction
Details
Settlement and admission of the New Shares took place at 8.00 am on 5 May 2023.
As set out in the Equity Raise Announcement, the proceeds of the Equity Raise will be used to strengthen
Use of the Company's balance sheet in order to help underpin the Company's turnaround plan.
Proceeds
Total proceeds from the Equity Raise amounted to approximately GBP12.0 million (gross proceeds) and GBP11.5
Quantum of million (net of expenses).
Proceeds
The Issue Price represented approximately a 9.9 per cent discount to the closing mid-market share price
Discount of 84.7 pence on 2 May 2023.
Soft pre-emption has been adhered to in the allocations process, where possible. Management was involved
in the allocations process, which has been carried out in compliance with the MIFID II Allocation
Allocations requirements. Allocations made outside of soft pre-emption were preferentially directed towards existing
shareholders in excess of their pro rata, and wall-crossed accounts.
The Company consulted with its major shareholders following its trading update of 14 April 2023 and
proposed the Placing and REX Retail Offer to provide an opportunity for institutional and UK retail
Consultation shareholders to take part in the Equity Raise, to the extent reasonably practicable and permitted by law.
The Equity Raise included a Retail Offer via the REX platform, for a total of 1,210,358 REX Retail Offer
Shares.
Retail investors, who participated in the Retail Offer, were able to do so at the same Issue Price as all
Retail other investors participating in the Equity Raise.
Investors
The REX Retail Offer was made available only to existing shareholders of the Company in the UK, through
certain financial intermediaries, in keeping with the principle of soft pre-emption.
For further information, please contact:
Superdry
Shaun Wills shaun.wills@superdry.com +44 (0) 1242 586747
Chris MacDonald investor.relations@superdry.com +44 (0) 1242 586747
Joint Bookrunners and Joint Corporate Brokers
Peel Hunt LLP +44 (0) 2074 188900
George Sellar
Mike Burke
Andrew Clark
Sohail Akbar (ECM Syndicate)
Liberum Capital Limited +44 (0) 2031 002000
John Fishley
Edward Thomas
Media Enquiries
Tim Danaher superdry@brunswickgroup.com +44 (0) 207 4045959
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Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
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ISIN: GB00B60BD277
Category Code: MSCL
TIDM: SDRY
LEI Code: 213800GAQMT2WL7BW361
Sequence No.: 243163
EQS News ID: 1631289
End of Announcement EQS News Service
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