Frasers Group's Burberry position rises to 7.42% (TR-1 published 12 Oct 2026, threshold crossed 8 Oct): 0.000000% voting rights attached to shares, all 27 million rights through sold put options expiring Oct 2026, Mar 2027 and Sept 2027

Burberry was notified on 11 October that Frasers had crossed the 7% line on 8 October, and published the notice the next day. With a sold put option, Frasers may have to buy the shares if the option's holder chooses to exercise it. The batch of 5 million rights expires in October 2026.

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The post, as it ran

01FRASERS GROUP'S POSITION IN BURBERRY HAS GROWN TO 7.42%. IT STILL OWNS NO BURBERRY SHARES.

02BURBERRY'S FILING OF 12 OCTOBER PUTS FRASERS' VOTING RIGHTS ATTACHED TO SHARES AT ZERO.

03THE WHOLE 7.42% IS HELD THROUGH SOLD PUT OPTIONS, COVERING 27 MILLION BURBERRY VOTING RIGHTS.

04IF THOSE OPTIONS ARE EXERCISED, FRASERS MAY ACQUIRE THE SHARES. UNTIL THEN, IT HOLDS NONE.

05THE OPTIONS EXPIRE IN THREE BATCHES: 5 MILLION IN OCTOBER 2026, 12 MILLION IN MARCH 2027 AND 10 MILLION IN SEPTEMBER 2027.

06THE POSITION WAS 4.16% IN JULY AND 6.32% IN EARLY OCTOBER. EACH TIME, THE SHARES COLUMN READ ZERO.

07THE FILING NAMES THE ULTIMATE CONTROLLING PERSON AS MICHAEL ASHLEY.

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