London Stock Exchange welcomes Applied Nutrition plc to the Main Market

The London Stock Exchange today welcomed Applied Nutrition, a leading sports nutrition, health and wellness brand which formulates and creates health and wellness products, in celebration of the company’s admission to trading on the Main Market.

The Company has successfully raised £157.5 million through an oversubscribed placing, giving the Company a market capitalisation on admission of approximately £350 million. The Company’s directors believe that the Offer and Admission will support the Group’s growth plans by increasing the Group’s public profile and brand awareness, further improve the ability of the Group to attract and retain high quality talent and create a liquid market in the Shares.

The team celebrating on the balcony at LSEG during the welcome ceremony.

Applied Nutrition’s IPO story

Hear from CEO Thomas Ryder on his growth journey building a global sports nutrition and wellness brand.

Supplements and nutrition have been my life since I left school.Probably boring to 99% of people. Well, I absolutely love it.I'm Thomas Ryder, the CEO and founder of Applied Nutrition.Our vision is to be the most trusted health and wellnesssports nutrition brand in the world. We manufacture90% of our products on site. We sell inover 80 countries. For Applied Nutrition to be a publicly listed companyon the London Stock Exchange, it's a dream come true.We're super excited for it. This is where I grew up.The pensioners' block that I grew up in is no longer here.It's now a house. It was difficult.It was very much working-class. You now look backand you think it was quite challenging. Back then, it was all you knew.My granddad was my hero. He was one of the most hardworking menyou'd ever meet. Seven days a week.Twelve hours a day. The very lowest paid wagethat you could possibly get. That work ethic was just instilled in me.I always thought, I don't want to work just to survive.I want to work and do something I absolutely love.Do something I'm passionate about. Growing up in this area,in this street, I would never have imaginedthat I would now be an IPO in a business 40 years later.This shop is an interesting one because that was obviouslythe start of the journey. Before I took the store,it was like a fifteen pence store. Just junk, basically,but it was just on the estate where I lived.I thought I'd open a small supplement. You'd sit in that store for many days,and you wouldn't even get a customer, or you would get people walking inand say, "What is this?", and you'd say, "Oh, it's protein".They just walk straight back out because they didn't understand it,or they weren't interested in it. I started wholesaling and distributing.I'd import from Europe, and then I'd sell to other independent stores and gyms.I just love supplements. I love the ingredients.I love researching what dosages of what ingredients are goodand what benefits you get from them. It just grew from there.The most pivotal point for Applied Nutritionwas bringing manufacturing in-house. That was the game changer for us.It allowed us to be in control of our destinyand be in control of our product range. It allowed us to be in controlof what we put out to the end consumer. It was just no stopping then.I know what people want because I am one of them people.Vanessa, are you okay? If you walk around our site,you'll see it feels like a huge family. What started off with meand four people is now over 200 people. -On the second palette,this is the third one now. -Perfect. There isn't a jobor there isn't a role within this company that I haven't doneby myself many, many times. -He's just got a passion for what he does.He just goes with it and doesn't stop till he's got success.Watching how Thomas works and everything that he's built.You could see that we were destined for bigger things.Honestly, we've not scratched the surface of where we could be.We're absolutely determined to make an impact in the US.We're doing very well, but we're only a pinprick.The US could be that real differentiator for us.We're super excited to IPO on the London Stock Exchange.Everything we do is to resonate trust with the end consumer.I think being a listed business for us just absolutely drives that message.We made a decision from a very early stage.If it's not going to be the London Stock Exchange,then we probably wouldn't IPO with a UK company with the UK brand.We feel proud to be a UK brand selling in over 80 countries,and that for us, meant more than anything. It was always going to be the LSE for us.It just further drives that message that Applied Nutritionis the world's most trusted sports nutrition brand.

A Journey of Innovation and Excellence

  • Founded in 2014 by Thomas Ryder, Chief Executive Officer, Applied Nutrition has become a fast growing, highly profitable and cash generative global supplier in the sports nutrition, health and wellness market.
  • The Company has developed and launched four ranges under the umbrella of the Applied Nutrition brand – Applied Nutrition, ABE, BodyFuel and Endurance.
  • The Company’s products are for a wide range of consumers, from professional athletes who use sports nutrition products daily, to elite gym-goers, fitness enthusiasts, and every-day health-conscious consumers looking to improve their health or manage their weight.
  • The Group’s products are designed, formulated and largely manufactured at its state-of-the-art facility in Knowsley, Liverpool.

“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.”

Thomas Ryder
CEO of Applied Nutrition

Whilst the UK is the Group’s largest market in terms of revenue in any single geography, international expansion has been a key growth driver, with the Group’s products available in more than 80 countries worldwide. The Group largely operates a global business-to-business (B2B) model, which has facilitated a low risk, highly cost-effective go-to-market strategy and has enabled strong, profitable growth in the UK, Europe and other international geographies.

Applied Nutrition is led by an experienced senior management team with deep industry knowledge and long-term ambitions, comprising its founder and CEO, Thomas Ryder, its COO, Steven Granite its CFO, Joe Pollard and Aaron Heiderbrecht the US CEO. With the support of the Board and the Group’s 200+ employees in the UK and 12 in the USA, the senior management team’s vision is to create the world’s most trusted and innovative sports nutrition, health & wellness brand.

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