16th Apr 2026 08:52
(Alliance News) - JD Sports Fashion PLC will dispose of its entire stake in Applied Nutrition PLC through a GBP48.9 million share sale, according to a filing on Thursday.
Manchester, England-based sportswear retailer JD Sports has agreed to sell close to 22.8 million shares in the Merseyside, England-based wellness brand for 215 pence each, transaction bookrunner Peel Hunt LLP said.
On Wednesday, a filing said it would halve its stake in the company, but Thursday's announcement states that JD Sports has sold its entire interest in Applied Nutrition. The placing shares represent around 9.1% of Applied Nutrition's share capital.
The FTSE 100 listing held a 32% stake in Applied Nutrition prior to its initial public offer in October 2024.
Peel Hunt LLP acted as sole bookrunner in respect of the placing.
Shares in JD Sports were up 2.1% at 77.19p on Thursday morning. Applied Nutrition shares were down 1.8% at 222.50p.
By Michael Hennessey, Alliance News reporter
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