Applied Nutrition Plc Executives Plan Secondary Share Sale

Applied Nutrition plc, a London-based company, has announced that its chief executive officer, Thomas Ryder, and chief operating officer, Steven Granite, will sell approximately 6 million ordinary shares through an accelerated bookbuild process. This transaction represents about 2.4% of the company’s total issued share capital, excluding treasury shares. The executives hold a combined total of around 100.17 million shares, which currently constitute roughly 40.07% of the company’s outstanding shares. Panmure Liberum Limited is acting as the sole bookrunner for the sale, with the final volume and share price determined at the close of the bookbuild process. The selling shareholders have agreed to a 180-day lock-up period on their remaining shares, subject to certain exceptions and potential waivers by Panmure Liberum. Applied Nutrition itself will not participate in the transaction and will not receive any proceeds from the share sale.