GT Represented Benefit Systems in the Process of Raising Funds through the Issuance of New Shares and the Sale of Treasury Shares

WARSAW – June 7, 2018 - Greenberg Traurig advised Benefit Systems S.A. in the process of obtaining funds for the further development of the Benefit Systems S.A. group by way of: (i) the issuance of 184,000 ordinary bearer shares with the exclusion of the pre-emptive rights of current shareholders of the company; and (ii) the sale (further resale) of 100,000 treasury shares of the company.

The transaction was carried out by means of a bookbuilding process through a public offering addressed only to certain categories of investors, in case of which there was no obligation to prepare a prospectus or other offering document in connection with such offering.

The issuance of the shares was conducted through a private placement within the meaning of the Polish Commercial Companies Code, addressed to selected investors, while the sale of the treasury shares was carried out in the form of block trades on a regulated market operated by the Warsaw Stock Exchange, with selected investors as well.

The total value of the transaction was approximately PLN 300 million.

For Greenberg Traurig Warsaw, the transaction was led by Senior Associate Marek Kłeczek under the supervision of Partner Ireneusz Matusielański and Partner Federico Salinas. The team also included Of Counsel Prof. dr hab. Adam Opalski and Associate Agnieszka Obrycka.

Benefit Systems has been listed on the main market of the Warsaw Stock Exchange since 2011. Its flagship product is the MultiSport Program, which enables having an active and thus healthy lifestyle thanks to an access to nearly 4,000 sports and recreation facilities in about 650 Polish towns and cities. In total, just the sports products of the group are used by more than 1 million users in Poland and abroad.

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Greenberg Traurig Grzesiak sp.k. was named the 2018 Most Innovative Law Firm of the Year Award for Poland by International Financial Law Review (IFLR) and the 2017 Law Firm of the Year in Poland by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000, and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.