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Frasers Group Boosts Investment In Hugo Boss AG

Frasers Group (FRAS.L, ZVX.F), on Wednesday, said it has recently increased its investment in Hugo Boss AG, and now has interests of 3,425,000 common shares, representing 4.9% of Hugo Boss's total share capital, and 18,289,000 common shares via the sale of put options, representing 26.0% 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, with the common stock holding valued at the closing share price on 21 June 2022, is about €900 million.

The company stated that this investment reflects "Frasers Group's belief in the Hugo Boss brand, strategy and management team." Frasers Group continues to intend to be a supportive stakeholder and create value in the interests of both Frasers Group's and Hugo Boss' shareholders.

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