RB: 50/2024
Date: 13 August 2024
Conclusion of final agreements for the acquisition of the Flais fitness club chain in Bulgaria
Legal basis: Art. 17 item 1 of MAR – inside information

Text of the report:

In relation to current report no. 37/2024 of 20 June 2024, and current report no. 49/2024 of 12 August 2024, the Management Board of Benefit Systems S.A. with its registered office in Warsaw (the "Issuer") hereby informs that on August 13, 2024, the Issuer's subsidiary - Next Level Fitness OOD with its registered office in Sofia, Bulagaria, as the buyer (the "Buyer"), concluded with Mr. Doychin Vaskov Dochev, Mr. Valeri Dushkov Petrov, and entities which are theirs
100% subsidiaries, as sellers (collectively "Sellers"), the final agreement for the sale of shares, including certain assets, related to the Flais fitness club network in Sofia, Bulgaria (the "Transaction").

As part of the Transaction, ultimately the Buyer became the owner 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 and Flais Fit OOD operating a total of 11 fitness clubs operating under the name "Flais" and having 1 fitness club under construction, all located in Sofia,
2)    certain assets belonging to 6 fitness clubs (including 2 fitness clubs under construction) located in Sofia and concluded/obtained the right to conclude new lease agreements concerning these fitness clubs,
3)    rights to the word and graphic trademark Flais.

Other conditions of the Transaction specified in the current report no. 37/2024 of 20 June 2024 has not been amended.

This Transaction implements the Issuer's strategy, which assumes increasing the number of fitness clubs in the markets in which the Issuer's group operates.