Date: 31 May 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:
· 1,740,161 shares of common stock, representing 2.47% of Hugo Boss's total share capital
· 9,797,500 shares of common stock via the sale of put options, representing 13.92% 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 29 May 2024, is approximately €360m (c. £305m).
Ends
Frasers Group plc
|
Robert Palmer, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 |
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Chris Wootton, Chief Financial Officer |
T. 0344 245 9200 |
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Ronnie Laffar, Group Head of Communications |
T. 07931 841082 |
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Andrew Kasoulis, Investor Relations Director |
T. 07826 532191 |
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Rosie Oddy, Brunswick Group, PR Advisors |
T. 07734 861279 |