Superdry shares suspended as results delayed

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Shares in fashion retailer Superdry have been suspended as full-year results were delayed.

Superdry hoodies

Shares were suspended at 7.30am on Wednesday morning at Superdry’s request and the delay was a result of “normal” auditing procedures.

The retailer said it “expects to request a restoration of the listing of ordinary shares on publication of FY23 results before the end of this week”.

Superdry said: “Under the Financial Conduct Authority’s disclosure guidance and transparency rules, the company is required to publish its audited FY23 results by August 29, 2023.

“The company is currently working with its auditor, RSM UK Audit LLP, to complete the final technical points of the audit of its FY23 results and expects to announce later this week.

“The board confirms that the delay is a result of normal procedures taking longer than anticipated during the first year that RSM is auditing the company.”