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Frasers Group PLC (FRAS)

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Wednesday 22 June, 2022

Frasers Group PLC

Strategic Investment in Hugo Boss AG

RNS Number : 7122P
Frasers Group PLC
22 June 2022
 

Date: 22 June 2022

 

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

 

STRATEGIC INVESTMENT IN HUGO BOSS AG

 

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

 

· 3,425,000 shares of common stock, representing 4.9% of Hugo Boss's total share capital

· 18,289,000 shares of common stock via the sale of put options, representing 26.0% 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 21 June 2022, is approximately 900m (c. 770m).

This investment reflects Frasers Group's belief in the Hugo Boss brand, strategy and management team. Frasers Group continues to intend to be a supportive stakeholder and create value in the interests of both Frasers Group's and Hugo Boss' shareholders.

 

Ends

 

 

Frasers Group plc

Thomas Piper, Company Secretary  T. 0344 245 9200

LEI:213800JEGHHEAXIJDX34  E. [email protected]

 

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

 

Luke Bordewich                                                               T. 020 7260 1000

Ollie Steele

Duncan Wilson

 

Liberum

 

John Fishley                                                                   T. 020 3100 2000

Kane Collins

Nikhil Varghese

 

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