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Frasers Group - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Says its investment in Hugo Boss now comprises 2.7 million shares or 3.9% of total share capital. This is covered by the sale of call options. Also has 17.6 million shares via sale of put options, representing 25% of Hugo Boss’s total share capital. Of this, 1.8 million shares is matched via the purchase of put options, representing 2.5% of total share capital. Says maximum aggregate exposure connected with its next acquired interests in Hugo Boss is around €660 million or £580 million as of Thursday. This is after taking into account the premium it will receive under the put and call options.
Current stock price: 763.00 pence, up 0.3% on Friday in London
12-month change: down 2.7%
By Greg Rosenvinge, Alliance News reporter
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