Company Announcements

Strategic investment in Hugo Boss AG

Source: RNS
RNS Number : 8683L
Frasers Group PLC
06 January 2023

Date: 6 January 2023


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





Frasers Group announces its current investment in Hugo Boss now comprises the following:


·    2,714,300 shares of common stock, representing 3.9% of Hugo Boss's total share capital

·    Of the above, 2,714,300 shares of common stock, representing 3.9% of Hugo Boss's total share capital is covered via the sale of call options

·    17,574,000 shares of common stock via the sale of put options, representing 25.0% of Hugo Boss's total share capital

·    Of the above, 1,760,000 of common stock, representing 2.5% of Hugo Boss's total share capital is matched via the purchase of put options


After taking into account the premium it will receive under the put and call options, 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 5 January 2023, is approximately €660m (c. £580m).


The above represents the resultant position after the most recent transaction, the on-market sale of call options on 5 January 2023. If the sold call options are exercised at maturity the consideration will be retained by the Group.





Frasers Group plc

Robert Palmer, Company Secretary                                 T. 0344 245 9200




Chris Wootton, Chief Financial                                        T. 0344 245 9200

Officer                                                                           E.


Ronnie Laffar, Head of PR &                                          T. 07585 886189

Communications                                                            E.


Rosie Oddy, Brunswick Group,                                       T. 07734 861279

PR Advisors                                                                  E.


Numis                                                                                 T. 020 7260 1000


Luke Bordewich


Stuart Ord


Ollie Steele



Liberum                                                                              T. 020 3100 2000


John Fishley


Kane Collins


Nikhil Varghese


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