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SuperGroup co-founder sells 5% stake

SuperGroup co-founder Julian Dunkerton has sold a 4.9% stake in the company worth £53m, his first share sale since the Superdry parent company listed on the stock market six years ago.

The sale of four million shares, announced yesterday and completed today, leaves Dunkerton, who is currently product and brand director at the business, with 22 million shares. He remains the largest shareholder in the company with 27.2% of the issued share capital.

In a statement SuperGroup said the stake was acquired by institutional investors in a placing managed by Investec Bank and Canaccord Genuity, acting as joint bookrunners.

The sale was made via an accelerated bookbuild placing and is said to have been down to “personal circumstances”.

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