RE: How do you sell your shares19 Apr 2024 15:34
TheRiflemans - in short, with quite a lot of difficulty, as it would be 'over the counter' given that the formal platform for buying and selling will no longer exist. That said, you are free to sell your shares in the company to any willing buyer at any time; if you can find one. Since SDRY would no longer trade on the stock exchange, liquidity would be very significantly reduced. You may therefore find yourself limited to selling your shares to any major shareholders in Superdry, or any other investors who may be interested in holding unlisted shares in the company.
So, you 'can' still sell, but it is quite a bit more challenging than just the click of a button, that you currently enjoy at this 'listed' point in time (your share ownership rights remain unchanged too until you sell). 'Most' holders (PI's) however, tend to exit before a de-list, for the above key reasons; they just don't want the additional hassle. . . Hope that helps.