Frasers Group PLC Strategic Investment in Hugo Boss AG (2285M)
January 19 2021 - 11:51AM
UK Regulatory
TIDMFRAS
RNS Number : 2285M
Frasers Group PLC
19 January 2021
Date: 19 January 2021
Frasers Group Plc
("Frasers Group" or the "Company")
Strategic Investment in Hugo Boss AG
Frasers Group plc 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:
-- 3,611,700 shares of common stock, representing 5.1% of Hugo Boss's total share capital
-- 3,377,465 shares of common stock via contracts for
difference, representing 4.8% of Hugo Boss's total share
capital
-- 3,735,000 shares of common stock via the sale of put options,
representing 5.3% 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 is appro
ximately EUR275m (c.GBP GBP245m)
This investment reflects Frasers Group's growing relationship
with Hugo Boss and belief in Hugo Boss's long-term future. Frasers
Group intends to be a supportive stakeholder and create value in
the interests of both Frasers Group's and Hugo Boss'
shareholders.
Ends.
Frasers Group Plc T. 0344 245 9200
Tom Piper, Company Secretary E. investor.relations@frasers.group
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