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 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCSFSFWUEFSEIF

(END) Dow Jones Newswires

January 19, 2021 12:51 ET (17:51 GMT)