Hugo Boss investment

Frasers Group PLC

10 July 2024

 

Date: 10 July 2024

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 common stock:

·    5,627,661 shares of common stock, representing 7.99% of Hugo Boss's total share capital

·    9,721,000 shares of common stock via the sale of put options, representing 13.81% of Hugo Boss's total share capital

After taking into account the net premium it will receive, 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 10 July 2024, is approximately €490m (c. £415m)

Ends

Frasers Group plc

Robert Palmer, Company Secretary LEI: 213800JEGHHEAXIJDX34	T. 0344 245 9200 E. [e-mail]
Chris Wootton, Chief Financial Officer	T. 0344 245 9200 E. [e-mail]
Ronnie Laffar, Group Head of Communications	T. 07931 841082 E. [e-mail]
Andrew Kasoulis, Investor Relations Director	T. 07826 532191 E. [e-mail]
Rosie Oddy, Brunswick Group, PR Advisors	T. 07734 861279 E. [e-mail]

 

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