Proposed Secondary Placing in Applied Nutrition
JD Sports selling approximately 11 million Applied Nutrition shares via placing.
- Shares being sold approximately 11 million
- JD Sports current holding 22,750,000 shares
- JD Sports percentage stake approximately 9.1%
- Share nominal value £0.0002 each
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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
PROPOSED SECONDARY PLACING OF ORDINARY SHARES IN APPLIED NUTRITION PLC
("APPLIED NUTRITION" OR THE "COMPANY")
JD Sports Fashion plc (the "Selling Shareholder"), announces its intention to sell approximately 11 million ordinary shares of £0.0002 each in the Company (the "Placing Shares").
The Selling Shareholder currently owns 22,750,000 shares in the Company, representing approximately 9.1 per cent. of the Company's issued share capital.
The Selling Shareholder has agreed not to sell or otherwise dispose of any of its residual holding of ordinary shares in the Company for 90 days after settlement of the Placing, subject to certain customary exceptions and/or waiver by the Bookrunner (as defined below).
The Selling Shareholder has appointed Peel Hunt LLP as sole Bookrunner ("Peel Hunt" or the "Bookrunner") in respect of the Placing.
The timing for the close of the bookbuild process and the distribution of allocations are at the absolute discretion of the Bookrunner. The results of the Placing will be announced as soon as practicable thereafter.
The Company is not party to the Placing and will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.