Strategic Investment in Hugo Boss AG
Updated : 16:49
Date: 12 June 2020
Frasers Group Plc
("Frasers Group" or the "Company")
Strategic Investment in Hugo Boss AG
Frasers Group plc is pleased to announce that, consistent with its long-standing strategy of taking strategic investments, it has recently acquired the following interests in the common stock of Hugo Boss AG:
o 120,000 shares of common stock, representing 0.2% of Hugo Boss's total share capital
o 140,000 shares of common stock via contracts for difference, representing 0.2% of Hugo Boss's total share capital
o 3,290,000 shares of common stock via the sale of put options, representing 4.7% 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 €108m (c.GBP £97m)
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
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.