Frasers Group PLC Strategic Investment in Hugo Boss AG (4251R)
June 29 2020 - 12:12PM
UK Regulatory
TIDMFRAS
RNS Number : 4251R
Frasers Group PLC
29 June 2020
Date: 29 June 2020
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:
o 552,500 shares of common stock, representing 0.8% of Hugo
Boss's total share capital
o 2,249,601 shares of common stock via contracts for difference,
representing 3.2% of Hugo Boss's total share capital
o 4,260,000 shares of common stock via the sale of put options,
representing 6.1% 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
approximately EUR204m (c.GBP GBP186m)
This investment reflects Frasers Group's growing relationship
with Hugo Boss and belief in Hugo Boss' 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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END
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