News28 Mar 2024 18:01
"However, Julian Dunkerton remains fully committed to the company over the long-term and is in discussions with the company in respect of alternative structures, including a possible equity raise fully underwritten by Julian Dunkerton, which would provide additional liquidity headroom for the company's turnaround plan," it continued.
The company added said it is expected that any equity raise would be at a very material discount to the current share price, and would be conditional on a delisting of the company.
Shares in Superdry closed down 5.1% to 28.80 pence each in London on Thursday. Over the last 12 months, the stock has plummeted 71%.