Correct, I am on the slender side. 
"24 May 2024
Your Superdry plc shares
Client Reference:
Your Superdry plc shares
Dear Mr Big Boy
You’ve got the option to buy up to ???Superdry plc shares at a fixed price of 1p each, which would cost
This is called an open offer, and it’s a common way for companies to raise money.
If you don’t want to buy more shares, you don’t need to do anything. No cash will be paid in respect of unused entitlements.
Buying more Superdry plc shares – Act by noon on Tuesday 11 June 2024
The easiest way to take part is on our website. We can’t accept instructions through the HL App.
You’ll need enough money on your capital account from noon on 11 June 2024 until the money is used on 12 June 2024.
We’ll add your new shares to your account on or around 12 July 2024.
Delisting
The board of Superdry plc has announced proposals to cancel the company’s ordinary shares from trading on the London Stock Exchange. It’s expected that the company’s shares will be delisted with effect from 12 July 2024.
Why is this happening?
The company has announced “The Restructuring Plan is a key element of the Company’s turnaround plan that is intended to help the Company deliver its financially sustainable operating model. The Company believes that, unless the Restructuring Plan comes into effect, it will need to enter into administration or an equivalent insolvency process immediately. This outcome would leave creditors, including the creditors whose claims would otherwise be compromised by the Restructuring Plan, materially worse off than they would be under the Restructuring Plan.” (Source ‘Superdry plc: Posting of Circular and Notice of General Meeting’, 21 May 2024)
Are the open offer and delisting subject to shareholder approval?
Yes, the proposals will go to a shareholder vote at a meeting.
For the delisting to become effective, it must be approved at an extraordinary general meeting (EGM) to be held on 14 June 2024. Such a withdrawal resolution requires the consent of not less than 75% of votes cast by shareholders voting on that resolution at the meeting.
You can vote on whether the proposals go ahead online:
If you’re already logged in to your account simply click here and select the ‘give instruction’ link next to the relevant shareholder meeting.
You’ll need to do this before 7pm on Monday 10 June 2024 so your vote can be passed onto the company before the shareholder meetings. If you’ve recently bought shares, it will take 2-3 days for you to be able to vote on these.
We’re not able to accept instructions through the HL app.
If you wish to sell your holding before the proposed listing cancellation you must do so before the end of the day on Thursday 11 July 2024. The trade will be placed in accordance with our terms and conditions and subject to our standard commission rates. To sell these shares please visit our website at www.hl.co.uk. Please note that although Hargreaves Lansdown will endeavour to sell your shares it may not be possible to sell all, or even any, of your shares if a market for the shares no longer exists.
If you wish to maintain your holding you don’t need to take any action. You should note that following the cancellation you may have difficulty selling this investment at a reasonable price and, in some circumstances, it may be impossible to sell it at any price.
Matched Bargain Facility
If the delisting is approved, Superdry plc intend to in place a matched bargain facility provided by JP Jenkins, in order to allow trades in Superdry plc shares after the delisting. We will contact you following the delisting with further details.
The board of directors have unanimously recommended shareholders to vote in favour of the resolutions at the meeting.
If you need any help, please contact us.
Yours sincerely
Becky Haworth
Corporate Actions"
"HOW TO TRADE
TRADING WITH JP JENKINS
Trading Instructions:
To buy and sell shares in this company via JP Jenkins, you will need to use a regulated UK stockbroker.
For a comprehensive list of brokers click here.
Over 40 UK brokers regularly trade and are set up to deal on our platform.
If you are based overseas and are interested in participating then please contact us directly by emailing info@jpjenkins.com or by calling 0207 469 0937
*When buying or selling shares, please note there is as 1.5% trading fee (with a minimum charge of £25) (additional fees may apply).
Please note, when purchasing shares Stamp Duty Reserve Tax (“SDRT”) may be applicable".
I had a smallish position and sold last Wednesday at a painful loss, but I didn’t like the risk of the company being delisted and having a few hundred £ locked down.
It will be interesting to see if the company delists or stays public. I still cannot understand the decision to not sell (or partner) a couple of months ago. Feel like the only ones carrying the bill are individual investors.
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