Published by Global Banking & Finance Review®
Posted on April 16, 2026
2 min readLast updated: April 16, 2026
Add as preferred source on GoogleJD Sports has offloaded its entire 9.1% stake in Applied Nutrition in a secondary placing, netting approximately £49 million (≈ $66.5 million), via a 5% discount to the previous close, with settlement expected April 20; Peel Hunt acted as sole bookrunner.
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:
• 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.
• 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.
• Liverpool-based Applied Nutrition debuted on the London Stock Exchange in October 2024 and was backed by JD Sports.
• 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)
JD Sports sold its 9.1% stake in Applied Nutrition for about $66.5 million (49 million pounds).
JD Sports sold 22.75 million shares of Applied Nutrition at 2.15 pounds each.
Applied Nutrition’s founder and CEO, Thomas Ryder, holds the majority stake at 34.27%.
The settlement date for the transaction is expected on April 20, 2024.
Peel Hunt acted as the sole bookrunner for the Applied Nutrition share placing.
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