April 16 (Reuters) - British sportswear retailer JD Sports Fashion has sold its entire 9.1% stake in Applied Nutrition for about 49 million pounds ($66.47 million), a bookrunner said on Thursday. The
JD Sports Divests Entire 9.1% Applied Nutrition Stake for $66.5 Million
JD Sports Sells Stake in Applied Nutrition
April 16 (Reuters) - British sportswear retailer JD Sports Fashion has sold its entire 9.1% stake in Applied Nutrition for about 49 million pounds ($66.47 million), a bookrunner said on Thursday.
Background on the Stake Sale
The retailer was the second-biggest shareholder in Applied Nutrition, an accessible sports nutrition brand selling products such as protein powders and shakes, performance supplements, vitamins, energy drinks and weight‑management products.
Key Transaction Details
Here are some details:
Share Sale Breakdown
• JD Sports sold 22.75 million shares of Applied Nutrition at 2.15 pounds each through a secondary share placing, representing a roughly 5% discount to the stock's closing price on Wednesday.
Major Shareholders
• Applied Nutrition's founder and CEO, Thomas Ryder, holds the majority shareholding in the creatine and protein supplement maker with a 34.27% stake, according to LSEG.
Company Background and Listing
• Liverpool-based Applied Nutrition debuted on the London Stock Exchange in October 2024 and was backed by JD Sports.
Settlement and Bookrunner
• Settlement is expected on April 20, with Peel Hunt acting as the sole bookrunner on the transaction.
Additional Information
($1 = 0.7371 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
