RB: 49/2024
Date: 12 August 2024
Obtaining consent from the Bulgarian Competition Commission for the acquisition of the Flais fitness club chain in Bulgaria (Concentration)
Legal basis: Art. 17 item 1 of MAR – inside information

Text of the report:

In relation to current report no. 37/2024 dated 20 June 2024, the Management Board of Benefit Systems S.A. with its registered office in Warsaw (the "Issuer") hereby informs that on 12 August 2024, the Issuer's subsidiary - Next Level Fitness OOD with its registered office in Sofia, Bulgaria (the "Subsidiary") received a decision of the Bulgarian Competition Commission dated 08 August 2024, approving the concentration consisting in the acquisition of:
1)    100% of shares in the share capital of the following companies: Fitness Flais Corporation OOD, Power Ronic OOD, Happy Group 1 OOD, Fitness Flais Group OOD, Fitness Flais Pro OOD, Flais Fit OOD and Fit Energy OOD operating a total of 11 fitness clubs operating under the name "Flais" and having 2 fitness clubs under construction, all located in Sofia,
2)    certain assets belonging to 6 fitness clubs (including 2 fitness clubs under construction) located in Sofia and the conclusion of new lease agreements concerning these fitness clubs,
3)    the right to the word-and-graphic trademark Flais,
(the "Transaction").

Obtaining consent to the concentration was a condition for the Transaction to be carried out by the Subsidiary.