Frasers Group PLC Hugo Boss investment
10 Julio 2024 - 12:05PM
RNS Regulatory News
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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