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 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.
Here are some details:
o 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.
o 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.
o Liverpool-based Applied Nutrition debuted on the London Stock Exchange in October 2024 and was backed by JD Sports.
o Settlement is expected on April 20, with Peel Hunt acting as the sole bookrunner on the transaction.
($1 = 0.7371 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
