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JD Sports Fashion PLC on Wednesday said it intends to roughly halve its stake in Applied Nutrition PLC through an around £24.9 million share sale. Manchester, England-based sportswear retailer JD Sports plans to sell 11 million shares in the Merseyside, England-based wellness brand via an accelerated bookbuild. At Wednesday’s closing Applied Nutrition share price of 226.50 pence, the sale would be worth just over £24.9 million. JD Sports Fashion shares closed up 0.6% at 75.12p. The price per share will determined by way of an accelerated bookbuild to institutional investors. Peel Hunt LLP has been appointed as sole bookrunner in respect of the placing. Ahead of the sale, JD Sports held 22.8 million shares in Applied Nutrition, around 9.1% of its share capital. The FTSE 100 listing held a 32% stake in Applied Nutrition prior to its initial public offer in October 2024. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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