Basic Fit : 3i announces sale of part of its stake in Basic-Fit
December 11, 2019 at 03:11 am EST
Share
3I ANNOUNCES SALE OF PART OF ITS STAKE IN BASIC-FIT
3i's remaining stake in Basic-Fit is 15%
Hoofddorp, 11 December 2019 - Basic-Fit N.V. (Euronext: BFIT), Europe's largest and fastest growing fitness operator, has taken note of the announcement today by 3i Group plc via Mito Holdings S.à.r.l. ("3i") that it has sold a stake of 6.2% in Basic-Fit's outstanding share capital at an offer price of €31.25 per share. The disposal consisted of an overnight private placement to institutional investors ("Placement"). Following the completion of the Placement, 3i's remaining stake will be approximately 15% of Basic-Fits's outstanding share capital. 3i has committed itself to a lock-up of
90 days. In addition, AM Holding B.V., fully controlled by René Moos, Basic-Fit'sco-founder and CEO, has also agreed to the same lock-up provisions for a period of 90 days with respect to its stake. No shares were offered by AM Holding B.V. in connection with the Placement.
- END -
FOR MORE INFORMATION investor.relations@basic-fit.com
Basic-Fit is listed on Euronext Amsterdam in the Netherlands
ISIN: NL0011872650 Symbol: BFIT
FINANCIAL CALENDAR
Full Year 2019 results
10 March 2020
Q1 2020 trading update
22 April 2020
AGM
22 April 2020
ABOUT BASIC-FIT
With more than 750 clubs, Basic-Fit is the largest and fastest growing fitness operator in Europe. We operate in five countries and in our clubs more than 2.1 million members can work on improving their health and fitness. Basic-Fit operates a straightforward membership model and offers a high-quality,value-for-money fitness experience that appeals to the fitness needs of all active people who care about their personal health and fitness.
Attachments
Original document
Permalink
Disclaimer
Basic Fit NV published this content on 11 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 December 2019 08:10:06 UTC
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%).