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

FrasersAnnouncement

06/01/2023 07:00

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RNS Number : 8683L  Frasers Group PLC  06 January 2023

Date: 6 January 2023

 

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

 

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

 

 

Frasers Group announces its current investment in Hugo Boss now comprises the
following:

 

·    2,714,300 shares of common stock, representing 3.9% of Hugo Boss's
total share capital

·    Of the above, 2,714,300 shares of common stock, representing 3.9% of
Hugo Boss's total share capital is covered via the sale of call options

·    17,574,000 shares of common stock via the sale of put options,
representing 25.0% of Hugo Boss's total share capital

·    Of the above, 1,760,000 of common stock, representing 2.5% of Hugo
Boss's total share capital is matched via the purchase of put options

 

After taking into account the premium it will receive under the put and call
options, Frasers Group's maximum aggregate exposure in connection with its net
acquired interests in Hugo Boss, with the common stock holding valued at the
closing share price on 5 January 2023, is
approximately €660m (c. £580m).

 

The above represents the resultant position after the most recent transaction,
the on-market sale of call options on 5 January 2023. If the sold call options
are exercised at maturity the consideration will be retained by the Group.

 

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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