4th Nov 2022 12:36
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
LEI:213800JEGHHEAXIJDX34
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. [email protected]
Ronnie Laffar, Head of PR & T. 07585 886189
Communications E. [email protected]
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. [email protected]
Numis T. 020 7260 1000
Luke Bordewich
Stuart Ord
Ollie Steele
Liberum T. 020 3100 2000
John Fishley
Kane Collins
Nikhil Varghese
Related Shares:
Frasers Group