Viva Leisure (ASX:VVA) signed a master franchise agreement with an unnamed franchisee to bring the Plus Fitness brand to the UK, according to a Wednesday filing with the Australian bourse.
The 10-year deal will see the first location of the fitness brand open in the UK by 2025, the filing said. It includes an option for two additional 10-year terms.
The company's shares gained nearly 1% in recent Wednesday trade.
Price (AUD): $1.45, Change: $+0.01, Percent Change: +0.69%
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