BASIC-FIT PRESS RELEASE
Hoofddorp, 3 March 2026
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR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.
BASIC-FIT ANNOUNCES WAIVER OF PUT OPTION IN RESPECT OF SENIOR UNSECURED CONVERTIBLE BONDS DUE 2028 ISIN: XS2354329190
Basic-Fit N.V. ("Basic-Fit" or the "Company", ISIN NL0011872650, Ticker: BFIT NA), announces that it has agreed with an institutional investor (the "Investor") holding €100,000,000 in aggregate principal amount of the Company's €303,700,000 senior unsecured convertible bonds due 17 June 2028 (the "Bonds") that the Investor will not exercise its early redemption option in relation to the optional redemption date falling on 17 June 2026. The Company has agreed to pay the Investor a fee of €2,750,000 as consideration for waiver of the put option in respect of the Investor's Bonds.
The Company is also willing to pay an equivalent fee of €27.50 per €1,000 in outstanding principal amount of Bonds to any other investors who agree not to exercise the early redemption option in relation to the optional redemption date falling on 17 June 2026 and enter into lock up undertakings with the Company on substantially similar terms to those concluded with the Investor. Holders are invited to contact Richard Piekaar at investor.relations@basic-fit.com at the Company in order to discuss further. The offer stands until 17 March 2026.
DISCLAIMER
This press release relates to the disclosure of information that qualified, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055.
This announcement and the information contained herein is not for publication, distribution or release in or into the United States of America, Canada, Japan, Australia, South Africa or any other jurisdiction where the publication, distribution or release would be unlawful. This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction.
FOR MORE INFORMATION
Basic-Fit Investor Relations
+31 (0)23 302 23 85
investor.relations@basic-fit.com
BASIC-FIT
Basic-Fit is listed on Euronext Amsterdam in the Netherlands
ISIN: NL0011872650 Symbol: BFIT
| FY 2025 results | 11 March 2026 |
|---|---|
| Q1 2026 trading update | 16 April 2026 |
| CMD 2026 | 21 April 2026 |
| AGM | 6 May 2026 |
| Half-year 2026 results | 28 July 2026 |
| Q3 2026 trading update | 21 October 2026 |
With more than 2,150 clubs, Basic-Fit is the largest and fastest growing fitness operator and franchisor in Europe. The company operates in twelve countries and has more than 5.8 million memberships across owned and franchise clubs. On a daily basis, members can work on improving their health and fitness in our clubs. 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 people who care about their personal health and fitness.
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Some statements in this press release may be considered ‘forward-looking statements’. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that may occur in the future. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are outside of our control and impossible to predict and may cause actual results to differ materially from any future results expressed or implied. These forward-looking statements are based on current expectations, estimates, forecasts, analyses and projections about the industry in which we operate and management’s beliefs and assumptions about possible future events. You are cautioned not to put undue reliance on these forward-looking statements, which only express views as at the date of this press release and are neither predictions nor guarantees of possible future events or circumstances. We do not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities law.