Superdry plc: Results of Plan Creditors Meetings for Restructuring Plan

On 10 June 2024, meetings were held among thirteen classes of Plan Creditors to vote on Superdry plc's restructuring plan. The company announced a significant turnout with 99% of attending creditors voting in favor of the proposed measures.

The restructuring plan, a critical part of the company's capital and restructuring measures, aims to overhaul Superdry's UK property estate and retail cost base. This plan is interdependent with an equity raise and delisting proposal, which together seek to prevent insolvency and stabilize the company.

The next step involves a shareholders' vote on 14 June 2024. If approved, the High Court will sanction the restructuring plan starting 17 June 2024.