Offer to fund Basic-Fit’s growth ambitions
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Results of the Offering
Hoofddorp, 9 June 2020 - Basic-Fit N.V. (“Basic-Fit” or the “Company”), Europe’s largest and fastest growing fitness chain, announces that it has successfully raised EUR 133.3 million through an accelerated bookbuild offering (“the Offering”) of 5,333,333 new ordinary shares (the “New Shares”), which was announced yesterday. The New Shares have been placed at a price of EUR 25.00 per new ordinary share (the “Placing Price”).

The Company intends to use the net proceeds from the Offering to strengthen the balance sheet providing the Company with the financial flexibility to recommence its growth strategy which includes the opening of new clubs and acquisitions.

The placing of the New Shares raised gross proceeds of approximately EUR 133.3 million. The Placing Price represents a discount of 1.4% to the closing price of EUR 25.35 of the Company’s shares listed on Euronext Amsterdam on 8 June 2020. The New Shares being issued represent approximately 9.8% of the existing issued ordinary share capital of Basic-Fit.

The Company and AM Holding B.V. (fully controlled by René Moos, Basic-Fit’s co-founder and CEO) as well as key shareholder 3i Group plc have committed themselves to a lock-up period ending 90 calendar days after the issue date. The New Shares will rank pari passu in all respects with the outstanding ordinary shares.

Allocation of the New Shares has taken place today, 9 June 2020. Settlement of the transaction and admission to listing and trading of the New Shares on Euronext Amsterdam is expected to take place on 11 June 2020. After settlement, the total number of outstanding ordinary shares of Basic-Fit will amount to 60,000,000 shares.

ABN AMRO Bank N.V. and Coöperatieve Rabobank U.A. (together with its distribution partner Kepler Cheuvreux S.A.) acted as Joint Global Coordinators and Joint Bookrunners in relation to the Offering. Lazard Ltd acted as Financial Advisor to the Company in relation to the Offering.


- END -