Result of Secondary Placing in Applied Nutrition
Founders sell 7m shares at 275p per share, representing 2.80% of issued capital.
- Placing price 275 pence per share
- Shares sold 7,000,000 ordinary shares
- Percentage of issued capital 2.80%
- Thomas Ryder holding post-placing 32.46% of issued share capital
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Further to the announcement on 10 September 2026, Thomas Ryder and Steven Granite (together, the "Selling Shareholders") announce that they have agreed to sell 7,000,000 ordinary shares of Applied Nutrition (the "Placing Shares"), at a price of 275 pence per Placing Share, which represents approximately 2.80% of Applied Nutrition's issued share capital (the "Placing").
This represents the first sale of shares for the Selling Shareholders since the Company's IPO in October 2024 and diversifies their asset base. Following completion of the Placing, Thomas Ryder remains Applied Nutrition's largest shareholder with a resultant holding of 81,162,494 ordinary shares in the Company, representing 32.46% of Applied Nutrition's issued share capital.
The Selling Shareholders have undertaken not to dispose of any further ordinary shares in Applied Nutrition for a period of 180 days following completion of the Placing, subject to certain exceptions and waiver by Panmure Liberum.
The trade date for the Placing will be 11 September 2026 and settlement is expected to occur on 15 September 2026.
Panmure Liberum Limited ("Panmure Liberum") acted as sole bookrunner for the Selling Shareholders in connection with 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.