Strategic investment in Hugo Boss AG

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. [e-mail]

LEI:213800JEGHHEAXIJDX34

Chris Wootton, Chief Financial                                     T. 0344 245 9200

Officer  E. [e-mail]

Ronnie Laffar, Head of PR &                                         T. 07585 886189

Communications   E. [e-mail]

Rosie Oddy, Brunswick Group,                                     T. 07734 861279

PR Advisors                                                                  E. [e-mail]

Numis    T. 020 7260 1000

Luke Bordewich

Stuart Ord

Ollie Steele

Liberum  T. 020 3100 2000

John Fishley

Kane Collins

Nikhil Varghese

 

END

 

 

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