NEWINGTON, N.H., March 8, 2017 /PRNewswire/ -- Planet
Fitness, Inc. (NYSE: PLNT) ("Planet Fitness" or the "Company") today announced that certain of its existing stockholders (the
"Selling Stockholders") intend to offer for sale 15 million shares of its Class A common stock pursuant to a registration
statement on Form S-3 filed with the Securities and Exchange Commission ("SEC").
The Selling Stockholders will receive all of the net proceeds from this offering. No shares are being sold by the
Company.
J.P. Morgan will act as underwriter for the offering.
An automatic shelf registration statement on Form S-3 (including a prospectus) relating to the offering of the Company's Class
A common stock was filed with the SEC on December 23, 2016 and became effective upon filing.
Before you invest, you should read the prospectus in that registration statement and the documents incorporated by reference in
that registration statement, as well as the prospectus supplement related to this offering. You may obtain these documents
for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, when available, copies of the prospectus supplement and accompanying prospectus related to the offering may be
obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204.
The offering of these securities will be made only by means of a prospectus supplement and the accompanying prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or other jurisdiction. Any offer to buy the
securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its
acceptance given after the effective date.
About Planet Fitness
Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest and fastest-growing
franchisors and operators of fitness centers in the United States by number of members and
locations. As of December 31, 2016, Planet Fitness had approximately 8.9 million members and 1,313
stores in 48 states, the District of Columbia, Puerto Rico,
Canada and the Dominican Republic. The Company's mission is to
enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call
the Judgement Free Zone®. More than 95% of Planet Fitness stores are owned and operated by independent business men and
women.
Forward-Looking Statements
This news release contains certain statements, expectations, beliefs and projections with respect to future events or future
results ("forward-looking statements"). Forward-looking statements are neither historical facts nor assurances of future
events or future results. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding
the future of the business, future plans and strategies, projections, anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of which are outside of the Company's control. Actual results may
differ materially from those indicated in the forward-looking statements. Important factors that could cause actual results to
differ materially from those indicated in the forward-looking statements include, among others, risks and uncertainties
associated with the consummation of the proposed offering by the Selling Stockholders and general economic conditions and the
other factors described, or incorporated by reference, in the prospectus supplement or accompanying prospectus. Neither the
Company nor any of its affiliates or representatives undertake any obligation to provide additional information or to correct or
update any information set forth in this release, whether as a result of new information, future developments or otherwise.
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SOURCE Planet Fitness, Inc.