Free float increases to 90%
Following the placement of a total of some 14 million shares on February 10, 2015, majority shareholder Permira sold its remaining holdings of around eight million shares via Red & Black Lux S.à r.l. on March 17, 2015. As a result, HUGO BOSS AG had the following shareholder structure as of December 31, 2015: 90% of the shares were in free float (December 31, 2014: 66%). 8% of the share capital was held by Zignago Holding S.p.A. and PFC S.r.l., two entities controlled by the Marzotto family, as well as Tamburi Investment Partners S.p.A. (December 31, 2014: 0%). The three companies have pooled their shares by way of a shareholder agreement. 2% of the capital was held by HUGO BOSS AG as own shares (December 31, 2014: 2%).
Shareholder structure as of December 31 (in % of share capital)
1 The share of 32% of the share capital held by Red & Black Lux S.à r.l. as of December 31, 2014 was reduced to 0% in 2015.
Number of own shares unchanged
At the Annual Shareholders’ Meeting on May 12, 2015, a resolution was passed authorizing the Managing Board to acquire the Company’s own shares. The authorization in existence up until that date expired on June 20, 2015. Under the resolution, the Managing Board is authorized until May 11, 2020 to buy shares in the Company representing no more than 10% of the share capital outstanding. However, no use was made of this authorization in the reporting year.
Consequently, HUGO BOSS AG still holds 1,383,833 of its own shares, which were bought back under earlier authorization between 2004 and 2007. This corresponds to a share of 1.97% or EUR 1,383,833 of the share capital. Legal Disclosures
Internationally balanced shareholder structure
In order to specifically address institutional investors holding shares in HUGO BOSS, the Company performs regular analyses of the ownership structure of the free float. In comparison to earlier analyses, the proportion of investors identified in the analysis has increased substantially. The analysis reveals the changes in the shareholder structure during the course of the year. Thus, the portion of shares held by institutional investors in the Americas declined to 25% (2014: 19%). On the other hand, the portion of shares held by investors in Great Britain shrank to 14% (2014: 20%). The weighting of investors based in Germany and the rest of Europe rose to 18% (2014: 12%) and 26% (2014: 22%), respectively.
Regional split of investor base as of December 31 (in % of free float)