Stibbe advises Basic-Fit
Matter
NL Law
Expertise
Stibbe assisted Basic-Fit, Europe’s largest and fastest growing fitness chain, in its placement of 5,333,333 new ordinary shares through an accelerated bookbuild offering.
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The placement raised gross proceeds of approximately EUR 133.3 million. The shares have been placed at a price of EUR 25.00 per new ordinary share, which represents a discount of 1.4% to the closing price of EUR 25.35 of Basic-Fit’s shares listed on Euronext Amsterdam on 8 June 2020.
Basic-Fit intends to use the net proceeds from the accelerated bookbuild offering to strengthen the balance sheet providing Basic-Fit with the financial flexibility to recommence its growth strategy which includes the opening of new clubs and acquisitions.
