Applied Nutrition plc Share Offer
This offer is now closed for applications through interactive investor
Result of Offer
Applied Nutrition plc (APN) has announced the successful pricing of its initial public offering (IPO)
The Offer Price has been set at 140 pence per Ordinary Share, equating to a market capitalisation of approximately £350 million at the commencement of conditional dealings.
112,500,000 Ordinary Shares were sold in the Institutional Offer and 15,802,938 were issued via the RetailBook Intermediaries Offer at the Offer Price, raising approximately £22 million
On Admission, the Company's issued share capital will be 250,000,000 Ordinary Shares
The Offer comprises 112,500,000 existing Shares being sold by certain existing shareholders of the Company
Allocations have been scaled back, meaning customers will receive 100% of the first £250 invested, plus approximately 56.7% of any additional amount they applied for
Share allocations and uninvested cash are being credited today (Thursday 24Â October 2024). Confirmation of allocations will be sent once the shares and refunds are showing on accounts
Please note the allocation policy was set by APNÂ and not Interactive Investor
Offer period
- The Offer Period for the Applied Nutrition plc closed at 8.15am on Wednesday 23 October 2024.
Trading starts
- A period of conditional dealing is expected to commence at 8am on Thursday 24Â October 2024.
- When admitted to trading, Applied Nutrition plc shares will be registered with SEDOL (Stock Exchange Daily Official List) number BPVDXX6 and trade under the symbol "APN".
- Unconditional dealing is expected to commence at 8am on Tuesday 29 October 2024.
- During the conditional dealing period Applied Nutrition plc shares allocated to an ISA or SIPP can be sold but additional shares cannot be bought in these accounts until the shares are trading unconditionally.
- If you buy or sell Applied Nutrition plc shares after launch the relevant share dealing rate will apply.
Thomas Ryder, CEO of Applied Nutrition, commented:
"As a homegrown UK business based in Knowsley, Liverpool, we could not be prouder to be listing on the London Stock Exchange. We are delighted with the support shown by investors during our roadshow, and the top-quality shareholder register that we have secured. As we reach this important milestone in our journey, I would like to thank our employees for their continuing hard work and dedication.
"We are only scratching the surface of our growth opportunity and this IPO positions us ideally for the next step of our development. We are confident it will assist in our vision to create the world's most trusted and innovative sports nutrition, health & wellness brand."
Key information
| Offer Price: | 140 pence |
| Minimum investment: | £250 (multiples of £1 thereafter) |
| Maximum investment: | N/A |
| Stock ticker: | APN |
| SEDOL: | BPVDXX6 |
Expected timetable
| Offer open: | 15 October 2024 |
| Offer close: | 23 October 2024 (8.15am) |
| Result announced: | 24 October 2024 |
| Conditional dealing starts: | 24 October 2024 (8am) |
| Unconditional dealing starts: | 29 October 2024 (8am) |
The key dates for the offer are indicative only and subject to change without notice.
Offer documents
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the RetailBook Offer can and will only be made on the basis of the Prospectus (together with any supplements thereto).
Interactive Investor Services Limited uses the Applied Nutrition plc Prospectus in accordance with the Company's consent and the conditions set out in the Applied Nutrition plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Applied Nutrition plc" and the Applied Nutrition plc logo are reproduced by kind permission of Applied Nutrition plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.