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Benefit Systems SABenefit Systems services' shareholders decide to issue H series shares
Listed employee benefit schemes provider Benefit Systems will issue up to 280,000 H series shares with the exclusion of all the pre-emptive rights of its existing shareholders in relation to all Series H Shares, the company said in a market filing.
As stated, the selection of investors to whom offers to subscribe for H shares will be made, taking into account a book-building process.
At the beginning of March, Benefit Systems entered into a conditional agreement to acquire 100 percent of the shares of Mars Spor Kulubu and its subsidiaries for a total of more than USD 420 million.
The MAC Group operates the chain of more than 120 fitness clubs in Turkey.
As reported by the company, the transaction would be financed with debt, equity and a share issue worth approximately PLN 800 million (EUR 186.6 mln).
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