The retailer offloads 22.75 million shares through a secondary placing priced at £2.15 per share.
The transaction reflects a 5% discount to the previous closing price, attracting strong investor interest.
JD Sports previously ranked as the second-largest shareholder in the fast-growing nutrition brand.
Applied Nutrition offers protein powders, supplements, vitamins, and energy products across global fitness markets.
Founder Thomas Ryder retains control, holding a 34.27% majority stake in the company.
The business debuted on the London Stock Exchange in October 2024 with JD Sports support.
Peel Hunt leads the transaction as sole bookrunner, managing placement execution and investor allocation.
Settlement is scheduled for April 20, marking JD Sports’ full exit from the investment.
