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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 | |
---|---|---|---|---|---|---|---|---|---|---|
6.00 | 0.75% | 806.00 | 805.50 | 806.00 | 809.00 | 799.50 | 809.00 | 39,758 | 11:03:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Sport Gds Stores, Bike Shops | 5.45B | 488M | 1.0774 | 7.48 | 3.65B |
TIDMFRAS
RNS Number : 8683L
Frasers Group PLC
06 January 2023
Date: 6 January 2023
FRASERS GROUP PLC ("Frasers Group" or "the Company")
STRATEGIC INVESTMENT IN HUGO BOSS AG ("Hugo Boss")
Frasers Group announces its current investment in Hugo Boss now comprises the following:
-- 2,714,300 shares of common stock, representing 3.9% of Hugo Boss's total share capital
-- Of the above, 2,714,300 shares of common stock, representing 3.9% of Hugo Boss's total share capital is covered via the sale of call options
-- 17,574,000 shares of common stock via the sale of put options, representing 25.0% of Hugo Boss's total share capital
-- Of the above, 1,760,000 of common stock, representing 2.5% of Hugo Boss's total share capital is matched via the purchase of put options
After taking into account the premium it will receive under the put and call options, 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 5 January 2023, is approximately EUR660m (c. GBP580m).
The above represents the resultant position after the most recent transaction, the on-market sale of call options on 5 January 2023. If the sold call options are exercised at maturity the consideration will be retained by the Group.
Ends
Frasers Group plc
Robert Palmer, Company Secretary T. 0344 245 9200
E. investor.relations@frasers.group
LEI:213800JEGHHEAXIJDX34
Chris Wootton, Chief Financial T. 0344 245 9200
Officer E. financial@frasers.group
Ronnie Laffar, Head of PR & T. 07585 886189 Communications E. fgpr@frasers.group Rosie Oddy, Brunswick Group, T. 07734 861279
PR Advisors E. frasersgroup@brunswick.com
Numis T. 020 7260 1000
Luke Bordewich
Stuart Ord
Ollie Steele
Liberum T. 020 3100 2000
John Fishley
Kane Collins
Nikhil Varghese
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END
ACQSSSFUIEDSEIF
(END) Dow Jones Newswires
January 06, 2023 02:00 ET (07:00 GMT)
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