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

FrasersAnnouncement

22/06/2022 07:00

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RNS Number : 7122P  Frasers Group PLC  22 June 2022

Date: 22 June 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:

 

·    3,425,000 shares of common stock, representing 4.9% of Hugo Boss's
total share capital

·    18,289,000 shares of common stock via the sale of put options,
representing 26.0% 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 21 June 2022, is approximately €900m (c. £770m).

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

Thomas Piper, Company
Secretary                                 T.
0344 245 9200

LEI:213800JEGHHEAXIJDX34
E. investor.relations@frasers.group (mailto:investor.relations@frasers.group)

 

Chris Wootton, Chief Financial
 
T. 0344 245 9200

Officer
                              E. financial@frasers.group
(mailto:financial@frasers.group)

 

Ronnie Laffar, Head of PR &
           T. 07585 886189

Communications
                    E. fgpr@frasers.group
(mailto:fgpr@frasers.group)

 

Rosie Oddy, Brunswick
Group,
T. 07734 861279

PR Advisors
                         E. frasersgroup@brunswick.com
(mailto:frasersgroup@brunswick.com)

 

Numis

 

Luke Bordewich
                     T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John Fishley
                       T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

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