Superdry’s shares have been admitted to trade on JP Jenkins share dealing platform, following its last day of trading on the London Stock Exchange on Friday (12 July).
JP Jenkins allows is a share dealing platform for unlisted or unquoted companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis.
The retailer’s delisting as a public company on the London Stock Exchange came into effect from 8am today as it begins work on its restructuring plan.
Superdry received approval from its creditors, shareholders and the court last month for its turnaround programme, which it said means it will now avoid insolvency.
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The fashion brand’s CEO Julian Dunkerton said: “Today’s delisting from the London stock market marks an important milestone in our journey back to sustainable long-term growth.
“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.”
He continued: “We are now well-placed to build on our strengths as a great British brand renowned globally for quality, craftsmanship, and authenticity. I am incredibly grateful to all who have supported us so far.”
JP Jenkins commercial director Veronika Oswald added: “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.”
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