Last checked at 22 Jun 2022 07:00
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. investor.relations@frasers.group
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. financial@frasers.group
Ronnie Laffar, Head of PR & T. 07585 886189
Communications E. fgpr@frasers.group
Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis
Luke Bordewich T. 020 7260 1000
Ollie Steele
Duncan Wilson
Liberum
John Fishley T. 020 3100 2000
Kane Collins
Nikhil Varghese