Strategic Investment in Hugo Boss AG
Source: RNS
Date: 7 April 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:
· 1,500,000 shares of common stock, representing 2.1% of Hugo Boss's total share capital
· 16,326,500 shares of common stock via the sale of put options, representing 23.2% 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 7 April 2022, is approximately €715m (c. £600m).
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.
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Frasers Group plc
Thomas Piper, Company Secretary LEI: 213800JEGHHEAXIJDX34 |
T. 0344 245 9200 E. investor.relations@frasers.group
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Chris Wootton, Chief Financial Officer |
T. 0344 245 9200 |
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Ronnie Laffar, Head of PR & Communications
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T. 07585886189
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