HUGO BOSS AG / Key word(s): Miscellaneous
16.03.2015 20:47
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Red & Black Lux S.Ã r.l. has informed us of its intention to place all its
remaining shares in HUGO BOSS AG with institutional investors in an
accelerated bookbuilding process. The holding in question totals 8.4
million shares or approx. 12% of the share capital. According to
information acquired, the bookbuilding process has already commenced.
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Information and Explaination of the Issuer to this News:
Red & Black Lux S.Ã r.l. has informed us of its intention to place all its
remaining shares in HUGO BOSS AG with institutional investors in an
accelerated bookbuilding process. The holding in question totals 8.5
million shares or approx. 12% of the share capital. According to
information acquired, the bookbuilding process has already commenced.
The placement will increase HUGO BOSS AG's free float to 64.1 million
shares, corresponding to 91% of the share capital. The company expects the
higher free float to further enhance the share's attractiveness to
institutional investors and boost its MDAX weighting. 7% of the company's
shares will be owned in the future by entities belonging to the Marzotto
family. The Marzotto family had sold Valentino Fashion Group, which at the
time had a circa 51% holding in HUGO BOSS AG, to Permira in 2007. As part
of the transaction, they became a minority shareholder in one of the
holding companies of HUGO BOSS AG. Two family members belong to the
Company's Supervisory Board since 2010. The remaining 2% of the share
capital are held by HUGO BOSS as own shares.
'The partnership between HUGO BOSS and Permira was a very successful one,'
says Claus-Dietrich Lahrs, CEO of HUGO BOSS AG. 'But the success story of
HUGO BOSS is far from over. In the past few years we have strategically
repositioned the company and laid the foundation for our future growth. Now
we will enter into a new phase in the company's development, in which we
will systematically pursue this course.'
Permira acquired a majority stake in HUGO BOSS in 2007. Subsequently, HUGO
BOSS expanded its own retail business, repositioned its brand portfolio and
drove the internationalization of its business. Since Permira entered into
HUGO BOSS, sales have grown by almost a billion euro to EUR 2.6 billion in
2014. Operating profit more than doubled over the same period.
If you have any questions, please contact:
Dr. Hjördis Kettenbach
Head of Corporate Communication
Phone: +49 (0)7123 94-2375
Fax: +49 (0)7123 94-80237
Dennis Weber
Head of Investor Relations
Phone: +49 (0)7123 94-86267
Fax: +49 (0)7123 94-886267
16.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HUGO BOSS AG
DieselstraÃe 12
72555 Metzingen
Germany
Phone: +49 (0)712 394-0
Fax: +49 (0)712 394-2014
E-mail: info@hugoboss.com
Internet: www.hugoboss.com
ISIN: DE000A1PHFF7
WKN: A1PHFF, ,
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Munich
End of Announcement DGAP News-Service
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DGAP-Adhoc: HUGO BOSS AG: Red & Black Lux S.Ã r.l. plans placement of remaining HUGO BOSS AG shareholding
| Source: EQS Group AG