Basic-Fit is a company incorporated in the Netherlands. Since 10 June 2016, Basic-Fit is publicly listed on Euronext in Amsterdam, where its shares are traded under the symbol BFIT. The ISIN code is NL0011872650. More information about Basic-Fit shares can be found on Euronext's website.
The shares of Basic-Fit have a nominal value of €0,06 each. The share capital of Basic-Fit consists of 66.000.000 ordinary shares.
Given the strong return profile of new club openings, the primary use of cash for the short to medium term will be investment in roll-out of new clubs. As a result, Basic-Fit does not anticipate paying any dividends in the short to medium term. Capital will be invested with strict financial discipline and applying target return thresholds. Basic-Fit expects to introduce dividend payments in the future, although any dividend proposals will be carefully assessed against other uses of cash including an acceleration of the club roll-out, repayment of debt, share buybacks and acquisitions.
INVESTOR RELATIONS POLICY
Basic-Fit strives to provide shareholders and other parties in the financial markets with equal and concurrent information about matters that may influence the share price. This is done by means of publication of quarterly trading updates, press releases and an annual report.
Basic-Fit strives to provide shareholders and other parties in the financial markets with equal and concurrent information about matters that may influence the share price. This is done by means of publication of quarterly reports, press releases and an annual report. In addition, communication with investors and analysts will take place through organizing or attending meetings such as analysts’ meetings, roadshow programs, broker conferences and the Annual General Meeting of Shareholders. To ensure that timely and correct information about company developments is delivered to the investor community, we are also in direct contact with investors. During closed periods no meetings or conversations between the Management Board and the investment community take place, except for communications relating to factual clarifications of previously disclosed information.
Basic-Fit announced its intention to list its shares on Euronext Amsterdam on 17 May 2016. The prospectus was published on 30 May 2016. On 10 June 2016, first trading of Basic-Fit shares commenced. You will find the IPO related documents here.