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

FrasersAnnouncement

04/11/2022 12:45

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RNS Number : 4109F  Frasers Group PLC  04 November 2022

Date: 4 November 2022

 

FRASERS GROUP PLC ("Frasers Group" or "the Company")

 

STRATEGIC INVESTMENT IN HUGO BOSS AG ("Hugo Boss")

 

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

 

·      3,025,000 shares of common stock, representing 4.3% of Hugo
Boss's total share capital

·      21,139,000 shares of common stock via the sale of put options,
representing 30.03% 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 3 November 2022, is approximately €1.0bn (c. £875m).

 

Ends

 

 

Frasers Group plc

Robert Palmer, Company Secretary                            T.
0344 245 9200

 
E. investor.relations@frasers.group

LEI:213800JEGHHEAXIJDX34

 

Chris Wootton, Chief Financial
    T. 0344 245 9200

Officer
E. financial@frasers.group

 

Ronnie Laffar, Head of PR &
          T. 07585 886189

Communications
 
E. fgpr@frasers.group

 

Rosie Oddy, Brunswick Group,
    T. 07734 861279

PR Advisors
                       E. frasersgroup@brunswick.com

 

Numis
                         T. 020 7260 1000

 

Luke Bordewich

 

Stuart Ord

 

Ollie Steele

 

 

Liberum
T. 020 3100 2000

 

John Fishley

 

Kane Collins

 

Nikhil Varghese

 

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