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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sports Direct International Plc | LSE:SPD | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 470.00 | 469.20 | 469.80 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMFRAS
RNS Number : 2285M
Frasers Group PLC
19 January 2021
Date: 19 January 2021
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:
-- 3,611,700 shares of common stock, representing 5.1% of Hugo Boss's total share capital
-- 3,377,465 shares of common stock via contracts for difference, representing 4.8% of Hugo Boss's total share capital
-- 3,735,000 shares of common stock via the sale of put options, representing 5.3% 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 appro ximately EUR275m (c.GBP GBP245m)
This investment reflects Frasers Group's growing relationship with Hugo Boss and belief in Hugo Boss's 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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(END) Dow Jones Newswires
January 19, 2021 12:51 ET (17:51 GMT)
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