We were informed by Red & Black Lux S.à r.l. that the company intends to place up to 4.9 million shares of HUGO BOSS AG in an accelerated bookbuilding process. This represents 7% of the total share capital. According to information acquired the bookbuilding has already started.
As a result of the placement, the free float of HUGO BOSS AG will increase to around 66% of the share capital. The Group expects the higher free float to further improve the attractiveness of the share among institutional investors and to increase the weighting in the MDAX.
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