Rapid Nutrition Strengthens Balance Sheet With Targeted Consolidation Strategy | 2021-08-03 | Press Releases


LONDON, UK / ACCESSWIRE / August 3, 2021 /Rapid Nutrition PLC (Euronext Growth: ALRPD) (OTCQB: RPNRF), a natural healthcare company focused on sports nutrition, diet management and life science products with growing global distribution, has further streamlined the company’s balance sheet to pursue its industry-specific consolidation strategy and build investor confidence.

The company is pleased to announce that it recently completed a cashless transaction allowing Rapid Nutrition to recover approximately 1.4 million shares of a major shareholder, Motivate Technologies, inc. (“MHT”). In return, Rapid Nutrition will sell its shares held in MHT, which were difficult to value due to the impact of the pandemic and as a result the Company had written down the value of its financial assets in MHT on its balance sheet, as indicated in the report. of the society. most recent annual report. The transaction allows Rapid Nutrition to recoup 100 percent of its initial investment in MHT and has no impact on Rapid Nutrition’s underlying core business.

“We are excited to have more control over our own destiny as management continues to achieve milestones and financial goals this year,” said Simon St. Ledger, CEO of Rapid Nutrition. “We believe in the value of Rapid Nutrition shares as we continue to strengthen both our balance sheet and our position in the global health and wellness market. “

About fast nutrition

Dedicated to the development and distribution of premium scientific health and wellness brands around the world, Rapid Nutrition shares a host of award-winning products with consumers passionate about innovations “made by nature, refined by science. “. Rapid Nutrition’s first-class scientific team matches the experience of its leadership team to keep the company and consumers abreast of the latest industry trends and developments, while aligning with industry leaders. industry around the world to provide effective supplements and solutions. Rapid Nutrition aims to be the supplier of choice in the world by offering premium brands with the highest quality ingredients for optimal results.

For more information, please visit http://rnplc.com

Investor Relations Contact:

[email protected]

Warning

This press release contains forward-looking statements made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and or otherwise that involve risks, uncertainties and assumptions that could cause actual results and Rapid Nutrition PLC’s experience differed significantly from anticipated results. and the expectations expressed in these forward-looking statements. Rapid Nutrition PLC has, in some instances, identified forward-looking statements using words such as “anticipates”, “believes”, “hopes”, “believes”, “look”, “expects”, “plans”, “Intends”, “” objective “,” potential “,” may “,” suggest “and similar expressions. Rapid Nutrition PLC does not undertake to release the results of any revision of these forward-looking statements which may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events, except as required by applicable law or regulation.

This media information does not constitute an offer to sell or a solicitation of an offer to buy securities. This information does not constitute an offer prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 relating to the prospectus to be published when securities are offered to the public or admitted. trading on a regulated market, and repealing Directive 2003/71 or a listing prospectus within the meaning of the Euronext Exchange listing regulations or over-the-counter markets. The press release complies with the International Reporting Standard: Rule 12g3-2 (b) under the Securities Exchange Act (“rule 12g3-2 (b)”) allows non-US companies whose securities are primarily listed on a qualified foreign exchange to make publicly available to US investors in English, the same information that is made public in their home country as an alternative to rule 12g3-2 (b) of the SEC Reporting Exchange Act.

THE SOURCE: Rapid Nutrition Plc

See the source version on accesswire.com:

https://www.accesswire.com/657941/Rapid-Nutrition-Firms-up-Balance-Sheet-with-Focused-Consolidation-Strategy


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