SBS Zipper:UK' Frasers Group announces significant stake in Hugo Boss AG-Nylon Zippers,Metal Zippers,Plastic Zippers,Recycle Zippers

UK' Frasers Group announces significant stake in Hugo Boss AG

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Frasers Group has increased its investment in Hugo Boss, now holding 5,627,661 shares (7.99 per cent) of common stock and 9,721,000 shares via put options (13.81 per cent).
The maximum aggregate exposure, valued at the closing share price on 10 July 2024, is approximately €490m (~ $539m).
This move reflects confidence Frasers Group's in Hugo Boss's prospects.

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

Frasers Group has increased its investment in Hugo Boss, now holding 5,627,661 shares (7.99 per cent) of common stock and 9,721,000 shares via put options (13.81 per cent). The maximum aggregate exposure, valued at the closing share price on 10 July 2024, is approximately €490m (~ $539m). This move reflects confidence Frasers Group's in Hugo Boss's prospects.

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 (~$539m).

Note: The content of this press release has not been edited by SBS Zipper staff.

SBS Zipper News Desk (RM)

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