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This was already priced to fail at over 10p by the market, a share price correction taking place.
This will go back to 15-20p in no time.
10p hit already! It’s a quick start out of the traps
Option B - JD can do one.
Fill your boots with the 1p option A and sit back until reliisted.
I looked it up on yahoo finance and they state just 54m Float
Amount of oil 88e produce would not run my car for the weekend
88e boys. Its all gearing up. Recovery there today
Ripe for a takeover. Rumour of a bid and this will bag easy. IMHO.
Free float must be getting smaller with all the recent buying. 99m shares in issue and a small Mcap.
Buying pressure and this will fly past 10p today :)
Not sure, have seen it wider before but usually both sides. The bid has remained as it was at close. Again reiterates the desire to get this back up above 10p
Very interesting start! Does that suggest a big buy after hours yesterday?
Offer over 10 showing!
Yup A gives JD a potential headache where he won’t have enough shares to ease his way across the line.
The following is a statement from the proposed plan:
Further details about the Equity Raise, including the Company’s approach to determining which of Option A or Option B will be implemented if both are approved by shareholders at the General Meeting, will be included in a shareholder circular, expected to be published in May 2024 (the “Circular”).
The term 'if both are approved' suggest to me that shareholders will be free to approve one option only. Given that option B would give JD control of 75.6% of the company, almost 50% more of the company than he currently owns at a discount to the current share price, I really can not see anyone, apart from JD and his buddies, voting for that option.
I am therefore convinced - and certainly hope - that shareholders will approve option A and not option B.
AFTER you have voted....and assuming the answer is YES to both Options, then the Board decide. Sounds clear to me.
So it will be Option B....now there's a surprise....
Independent Directors...in conjunction with JD.....What a laugh!!!!!
Shareholders will be asked to approve both different options and, assuming shareholders do so, Superdry’s independent directors, in consultation with Julian Dunkerton and Peel Hunt (the Company’s financial advisers), will in due course (after shareholders have voted) choose the option to be adopted by Superdry.
Hmmmm...Maybe I'm wrong....But if the vote is YES to both Options...the Board decide....Am I reading this wrong?
The Equity Raise will be structured in one of two different ways. Shareholders will be asked to approve both different options and, assuming shareholders do so, Superdry’s independent directors, in consultation with Julian Dunkerton and Peel Hunt (the Company’s financial advisers), will in due course (after shareholders have voted) choose the option to be adopted by Superdry. The two different options are as follows:
Option A: an open offer at £0.01 per share to raise gross proceeds of the sterling equivalent of up to €8 million (the “Open Offer”); or
Option B: a placing at £0.05 per share to raise gross proceeds of £10 million (the “Placing”).
I don't think you get a choice of Option A or Option B......You have to vote "as a package".....and then the Board will decide which Option to take.......or am I wrong?
Clear intent to get this back to 10p plus from the MM hit 9p 3 times today
MMS will take £40k @ 8.6p
In for a strong finish and super day tomorrow :)
LIFT OFF
11 for me Kent 10 today
Looks like 10p on the cards tomorrow ;)