REG - Frasers Group PLC - Strategic Investment in Hugo Boss AG

FrasersAnnouncement

07/03/2022 18:30

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RNS Number : 9309D  Frasers Group PLC  07 March 2022

Date: 07 March 2022

 

Frasers Group Plc

("Frasers Group" or the "Company")

 

 

Strategic Investment in Hugo Boss AG

 

Frasers Group is pleased to announce that it has recently increased its
investment in Hugo Boss AG, and now has the following interests in the common
stock:

 

·    3,137,900 shares of common stock, representing 4.5% of Hugo Boss's
total share capital

·    9,665,000 shares of common stock via the sale of put options,
representing 13.7% of Hugo Boss's total share capital

 

After taking into account the premium it will receive under the put options,
Frasers Group's maximum aggregate exposure in connection with its acquired
interests in Hugo Boss, with the common stock holding valued at the closing
share price on 7 March 2022, is approximately €475m (c. £390m).

This investment reflects Frasers Group's belief in the Hugo Boss brand,
strategy and management team. Frasers Group continues to intend to be a
supportive stakeholder and create value in the interests of both Frasers
Group's and Hugo Boss' shareholders.

 

 

Ends.

 

 

Frasers Group Plc                          T. 0344
245 9200

Tom Piper, Company Secretary    E. investor.relations@frasers.group

LEI: 213800JEGHHEAXIJDX34

 

 

 

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