IN BRIEF: Applied Nutrition CEO and COO plan GBP18 million share sale

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Applied Nutrition PLC - Liverpool-based sports nutrition and wellness products - Chief Executive Officer Thomas Ryder and Chief Operating Officer Steven Granite aim to sell 6.0 million shares in total, a 2.4% stake in Applied Nutrition, via a placing run by broker Panmure Liberum Ltd. Ryder and Granite currently hold a 40.1% stake in the company between them. The placing will be via an accelerated bookbuild to institutional investors, Panmure Liberum says in an announcement after the London market close on Thursday. The sale is worth £17.6 million at Applied Nutrition's closing market price on Thursday. The company will receive none of the proceeds as the sale is of existing shares.

Current stock price: 293.00 pence

12-month change: up 80%

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