Buyback of 55,000 shares to neutralise dilutive effect of retention share programme
Hoofddorp, 7 June 2017 - Basic-Fit will repurchase 55,000 common shares to neutralise the dilutive effect of the retention share programme. The shares will be used for distribution to participants of the retention share programme. The total consideration of the programme, based on the closing price on Euronext Amsterdam on 6 June 2017, is €0.9 million.
Basic-Fit has commissioned an independent broker who will execute the transactions on its behalf. The transactions will commence on 6 June 2017 and are expected to be completed by the end of the month.
Basic Fit NV published this content on 07 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 June 2017 06:44:54 UTC.
Original documenthttp://corporate.basic-fit.com/news-media/press-releases/basic-fit-announces-repurchase-of-shares
Public permalinkhttp://www.publicnow.com/view/240B162AB2D7A40A8E26473E7B64D2A7CAB2202A
Basic-Fit N.V. specializes in operating a chain of fitness clubs. Net sales break down by activity as follows:
- fitness clubs operation (96.4%). At the end of 2023, the group had 3.8 million members in 1,402 clubs located in the Netherlands (237), France (781), Belgium (223), Spain (139), Germany (12) and Luxembourg (10);
- other (3.6%): personal trainer services, sale of energy drinks and nutritional bars, etc.
Net sales are distributed geographically as follows: the Netherlands (23.9%), France (48.5%), Belgium (20.3%), Spain (5.7%) and Luxembourg (1.6%).
BASIC-FIT N.V. 
