RB: 5/2019
Date: 25 January 2019
Acquisition of an organized part of enterprise taking the form of a fitness club from Mr Bartosz Gibała in performance of preliminary agreement
Legal basis: Article 17 Sec. 1 MAR - confidential information 

Text of the report:

Further to current report No. 4/2019 of 16 January, 2019, the Management Board of Benefit Systems S.A. with its registered seat in Warsaw (the “Issuer”) hereby announces that in performance of preliminary conditional agreement for sale of organized part of enterprise of 16 January, 2019, the Issuer and its subsidiary, i.e. Fitness Place sp. z o.o. with its registered office in Warsaw, acting in the capacity of the purchaser, (the “Purchaser”), entered into agreement for sale of organized part of enterprise taking the form of a fitness club located in the Małopolskie Voivodship at the price of PLN 4,671,000.00 with Mr Bartosz Gibała, conducting his business activity under the name of Bartosz Gibała Platinum with its registered seat in Kraków (hereinafter, the “Agreement”).

The ownership title to the aforementioned organized part of enterprise shall be transferred to the Purchaser on 1 February, 2019, and it will not require meeting of any condition.
Furthermore, in accordance with the Agreement, the Issuer has stood surety for all the obligations of the Purchaser arising from the Agreement up to the amount of PLN 3,671,000.00.

In connection with the acquisition of the aforementioned organized part of enterprise, the Purchaser has assumed the obligations directly related to the business activity of the organized parts of enterprise in the total amount not exceeding PLN 200,000.00 PLN.

The investment activities pursued by the Issuer and its subsidiaries are aimed at providing the sports cards users with broad access to the offer of attractive sports and recreation facilities and to the most popular sports and fitness sessions.