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FRAS Frasers Group Plc

897.00
75.50 (9.19%)
18 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frasers Group Plc LSE:FRAS London Ordinary Share GB00B1QH8P22 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  75.50 9.19% 897.00 896.50 899.00 915.50 857.00 860.00 1,532,789 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sport Gds Stores, Bike Shops 5.45B 488M 1.0774 8.34 3.72B

Frasers Group PLC Hugo Boss investment

10/07/2024 6:05pm

RNS Regulatory News


RNS Number : 9423V
Frasers Group PLC
10 July 2024
 

Date: 10 July 2024

 

FRASERS GROUP PLC ("Frasers Group" or "the Company")

 

STRATEGIC INVESTMENT IN HUGO BOSS AG ("Hugo Boss")

 

 

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

 

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 (c. £415m)

Ends

 

 

 

Frasers Group plc

Robert Palmer, Company Secretary

LEI: 213800JEGHHEAXIJDX34

T. 0344 245 9200

E. company.secretary@frasers.group

Chris Wootton, Chief Financial Officer

T. 0344 245 9200

E. financial@frasers.group

Ronnie Laffar, Group Head of Communications

T. 07931 841082

E. fgpr@frasers.group

Andrew Kasoulis, Investor Relations Director

T. 07826 532191

E. Andrew.Kasoulis@frasers.group

Rosie Oddy, Brunswick Group, PR Advisors

T. 07734 861279

E. frasersgroup@brunswickgroup.com

 

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
 
 
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