Source - LSE Regulatory
RNS Number : 9423V
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. company.secretary@frasers.group

Chris Wootton, Chief Financial Officer

T. 0344 245 9200

E. financial@frasers.group

Ronnie Laffar, Group Head of Communications

T. 07931 841082

E. fgpr@frasers.group

Andrew Kasoulis, Investor Relations Director

T. 07826 532191

E. Andrew.Kasoulis@frasers.group

Rosie Oddy, Brunswick Group, PR Advisors

T. 07734 861279

E. frasersgroup@brunswickgroup.com

 

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END
 
 
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