Frasers Group plc (LON:FRAS) has announced that it has recently increased its investment in Hugo Boss, and now has the following interests in common stock:
· 1,740,161 shares of common stock, representing 2.47% of Hugo Boss’s total share capital
· 9,797,500 shares of common stock via the sale of put options, representing 13.92% 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 29 May 2024, is approximately €360m (c. £305m).
