Superdry shares begin trading on new share dealing platform
Superdry has announced that its shares have been admitted to trade on JP Jenkins share dealing platform.
The news follows the fashion brand’s last day of trading on the London Stock Exchange on Friday.
Subscribe to TRBJP Jenkins provides a share trading venue for unlisted or unquoted assets in companies where shareholders and prospective investors can buy and sell equity on a matched bargain basis.
In June, Superdry’s shareholders approved plans for an equity raise and delisting as the retailer looked to ensure its survival. It is now implementing a turnaround programme.
Julian Dunkerton, chief executive of Superdry, said: “We are confident that life away from the heightened exposure of the markets will allow us to make decisions more quickly and focus on doing what we do best: creating quality clothes that serves our diverse community, prioritises sustainability, leads with craft, and celebrates culture.
“We are now well placed to build on our strengths as a great British brand renowned globally for quality, craftsmanship, and authenticity.”
Veronika Oswald, commercial director of JP Jenkins, said: “Overall, Superdry Plc’s shift to JP Jenkins underscores a broader trend where companies are exploring new venues and methods to meet their trading and shareholder engagement needs. This transition is paving the way for other companies considering similar moves, fostering a dynamic and adaptive trading environment in London.”
