Results of Secondary Placing in Applied Nutrition
JD Sports sells 22.75m Applied Nutrition shares, 9.1% stake, at £2.15 per share for £49m proceeds.
- Placing Shares 22,750,000 ordinary shares
- Price per share £2.15
- Gross proceeds £49 million
- Percentage of issued share capital 9.1%
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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
RESULTS OF SECONDARY PLACING OF ORDINARY SHARES IN APPLIED NUTRITION PLC
("APPLIED NUTRITION" OR THE "COMPANY")
JD Sports Fashion plc (the "Selling Shareholder"), announces that, further to the announcement released yesterday, it has agreed to sell a total of 22,750,000 ordinary shares of £0.0002 each in the Company (the "Placing Shares") at a price of £2.15 per Placing Share (the "Placing"). The Placing Shares in aggregate represent approximately 9.1 per cent. of the Company's issued share capital. As a result of the transaction, the Selling Shareholder no longer holds an interest in the Company.
The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on 20 April 2026.
Gross proceeds from the Placing amount to approximately £49 million.
Peel Hunt LLP acted as sole Bookrunner ("Peel Hunt" or the "Bookrunner") in respect of the Placing.
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.