Indicative price range €15 to €20 per share

Amsterdam, the Netherlands – Basic-Fit N.V. (“Basic-Fit” or the “Company”), the largest "value-for-money" fitness club operator in Europe as measured by number of clubs, today announces the indicative price range and offer size for, and the publication of the prospectus in relation to, its planned initial public offering (the “IPO” or the “Offering”) on Euronext Amsterdam. Listing of, and first trading in, the shares on Euronext in Amsterdam are expected on Friday 10 June 2016.

Offering highlights
The indicative price range for the Offering is set at €15 to €20 (inclusive) per share, valuing Basic-Fit at a post IPO enterprise value of €994 million to €1,144 million

The IPO consists of a primary and a secondary component. The primary offering comprises the offering of up to 24,666,667 newly authorised ordinary shares (the “New Shares”); the secondary offering comprises the offering of up to 2,000,000 existing ordinary shares (the “Existing Shares”, together with the New Shares, the “Offer Shares”) byMito Holdings S.à r.l., AM Holding B.V. and Miktom Manco B.V. (together the “Selling Shareholders”)

René Moos (the Company’s CEO and co-founder) will not sell shares in the Offering and intends to remain a significant long-term shareholder following the Offering

The primary offering aims to raise approximately €370 million in gross proceeds. Basic-Fit will use the net proceeds of the sale of the New Shares to refinance a portion of its existing indebtedness and to repay in full its shareholder loans. Following the Offering, the ratio of net debt to last twelve months Adjusted EBITDA per 31 March 2016 is expected to be 2.6x

In addition, the Offering will include an over-allotment option of up to an additional 15% of the Offer Shares. The over-allotment option consists of existing ordinary shares only

Based on the indicative price range, the Offering is valued at €400 million excluding the over-allotment option and at €460 million assuming full exercise of the over-allotment option

The Offer Shares will represent a maximum of 48.8% of Basic-Fit’s total issued share capital post IPO excluding exercise of the over-allotment option; assuming full exercise of the over-allotment option following the closing of the Offering, the Offer Shares will represent a maximum of 56.1% of the total issued share capital of the Company

The Offering will be made to institutional and retail investors in the Netherlands and to eligible institutional investors in various other jurisdictions

The offer and subscription period for both institutional and retail investors commences 31 May 2016 at 9:00 CEST. The end of the offering period is expected to be 17:30 CEST on 8 June 2016 for Dutch retail investors and 14:00 CEST on 9 June 2016 for institutional investors[1]

Up to 10% of the Offering is reserved for preferential allocation to retail investors in the Netherlands and each retail investor will be allocated the first 250 ordinary shares for which such investor subscribes, which may be reduced pro rata in case the retail demand exceeds 10% of the Offering

Listing and first trading in the shares (on an “as-if-and-when-issued/delivered” basis) on Euronext Amsterdam under the symbol “BFIT” are expected to commence on 10 June 2016
René Moos, CEO and co-founder of Basic-Fit: “The launch of our IPO today and the anticipated listing is an important milestone for Basic-Fit; a step that will enable us to continue the ambitious roll-out plan of new clubs across Europe. We offer a “value-for-money” high-quality fitness experience that appeals to the fitness needs of active people who care about their personal health and fitness. Having completed all preparations, we are now ready to become a listed company. The level of interest we have seen in the investment community is very encouraging. We believe we offer investors a unique proposition and we are enthusiastic about sharing our growth plans with the prospective investors. The listing can bring many opportunities for the further development of Basic-Fit and we look forward to a successful closing of this transaction.”

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[1] Subject to acceleration or extension of the timetable of the Offering.

Wij lopen en sporten niet hard voor dit soort aandelen en vooral niet omdat zij(lees aandelen) gevoelig zijn als mensen minder te besteden hebben.
Dan zouden wij de leverancier van sport producten liever nemen t.w. Accell