ISIN:GB00B60BD277

Superdry plc: TR1 - Notification of Major Holdings

Retrieved on: 
Friday, May 3, 2024

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

Key Points: 

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

Superdry plc: Director/PDMR Shareholding

Retrieved on: 
Friday, May 3, 2024
SIP, Common stock, Name, Trustee, Customs

On 15 April 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).

Key Points: 
  • On 15 April 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy shares in the Company of 5 pence each (Ordinary Shares), using deductions from salary in each calendar month (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).
  • Details of the number of Partnership Shares purchased by the PDMRs at a price of £0.090 per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustees to the PDMRs for no consideration, are set out against their names in the table below.

Superdry plc: Proposed Restructuring Plan, Equity Raise and Delisting

Retrieved on: 
Friday, May 3, 2024
GBP, Part, London Stock Exchange, Practice, Mass meeting, Plan, Circular, Entrepreneurship, Option, Place, Face, Intellectual property, Marketing, Official List, Open, Security (finance)

Together, the Restructuring Plan, Equity Raise and Delisting constitute a key package of measures that are needed to allow Superdry to return to a more stable footing, accelerate its turnaround plan and drive it towards a viable and sustainable future.

Key Points: 
  • Together, the Restructuring Plan, Equity Raise and Delisting constitute a key package of measures that are needed to allow Superdry to return to a more stable footing, accelerate its turnaround plan and drive it towards a viable and sustainable future.
  • Therefore, each element of this package will be inter-conditional upon the others, such that the package as a whole requires each of the Restructuring Plan, Equity Raise and Delisting to be approved.
  • Completion of the Equity Raise is conditional on a number of matters, including:
    the Restructuring Plan having been sanctioned by the court.
  • Further details of the Delisting and the implications of the Delisting for shareholders will be included in the Circular.

Superdry plc: Response to media speculation

Retrieved on: 
Friday, May 3, 2024

Superdry plc notes media speculation regarding the possible implementation of a restructuring plan.

Key Points: 
  • Superdry plc notes media speculation regarding the possible implementation of a restructuring plan.
  • In the Company’s announcement on 29 January 2024, it confirmed it was working with advisors to explore the feasibility of various material cost saving options to help position the business for long-term success.
  • Today, the Company confirms it is in the advanced stages of preparing a restructuring plan which is expected to launch in the coming days.
  • However, there is no certainty that such a restructuring plan will be implemented.

Superdry plc: Director/PDMR Shareholding

Retrieved on: 
Wednesday, April 10, 2024
Name, Trustee, SIP, Common stock, Customs

On 14 March 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).

Key Points: 
  • On 14 March 2024, the following transactions by PDMRs took place in relation to Superdry’s Share Incentive Plan (SIP).
  • The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which employees are able to buy shares in the Company of 5 pence each (Ordinary Shares), using deductions from salary in each calendar month (Partnership Shares), and receive allocations of matching free Ordinary Shares (Matching Shares).
  • Details of the number of Partnership Shares purchased by the PDMRs at a price of £0.301 per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustees to the PDMRs for no consideration, are set out against their names in the table below.

Superdry plc: Total Voting Rights

Retrieved on: 
Wednesday, April 10, 2024
Treasury

In accordance with Rule 5.6.1 of the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that its total issued share capital as at 31 March 2024 consisted of 99,093,044 ordinary shares of 5p each, none of which were held in treasury.

Key Points: 
  • In accordance with Rule 5.6.1 of the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that its total issued share capital as at 31 March 2024 consisted of 99,093,044 ordinary shares of 5p each, none of which were held in treasury.
  • Therefore, the total number of voting rights in the Company as at 31 March 2024 was 99,093,044.
  • The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.

Superdry plc: Extension and increase of secondary lending facility

Retrieved on: 
Wednesday, April 10, 2024
Bank

Superdry today announces that it has agreed an extension and increase to its secondary lending facility (the “Facility”) with Hilco Capital Limited (“Hilco”) that will provide the Company with improved liquidity headroom necessary to help facilitate the implementation of its turnaround plan and cost reduction programme.

Key Points: 
  • Superdry today announces that it has agreed an extension and increase to its secondary lending facility (the “Facility”) with Hilco Capital Limited (“Hilco”) that will provide the Company with improved liquidity headroom necessary to help facilitate the implementation of its turnaround plan and cost reduction programme.
  • The existing asset backed lending facility with Bantry Bay Capital Limited (“Bantry Bay”) remains in place.
  • The interest rate is 11.5% plus the Bank of England base rate on the drawn element.
  • It is covenant-light, with borrowing availability based upon an asset base that is consistent with the Company’s current agreements with both lending parties.

Form 8.3 - Superdry plc: Form 8.3

Retrieved on: 
Wednesday, April 10, 2024
Disclosure

Form 8.3 - Superdry plc: Form 8.3

Key Points: 
  • Form 8.3 - Superdry plc: Form 8.3
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - Superdry plc: RET-Form 8.3

Retrieved on: 
Wednesday, April 10, 2024
Disclosure

Form 8.3 - Superdry plc: RET-Form 8.3

Key Points: 
  • Form 8.3 - Superdry plc: RET-Form 8.3
    (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Form 8.3 - Superdry plc:

Retrieved on: 
Wednesday, April 10, 2024
Disclosure

(a) Full name of discloser:

Key Points: 
  • (a) Full name of discloser:
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state “N/A”
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.