Superdry are set to delist from the London Stock Market, effective from 8am on Monday, July 15.
The troubled fashion retailer announced their intention to do so in April, before it was approved by shareholders at a general meeting four weeks ago.
It follows more than a year of weakening sales and deepening losses, forcing the firm to search for ways of saving money.
Cost-cutting measures include the delisting, while the company has also looked at reducing rents on 39 of its UK shops.
There were warnings that had Superdry not gone ahead with plans to save money then it would be forced to enter administration.
The company’s shares will now be admitted to trading on the JP Jenkins securities matching platform.
Superdry said the platform will provide securities matches for unlisted companies, “enabling shareholders and prospective investors to buy and sell shares on a matched bargain basis”.
FTSE 100
The UK's flagship share index, the FTSE 100, was up 49-points at 8,272 shortly after opening this morning.
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