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    ALRPD   GB00BLG2TX24

RAPID NUTRITION PLC

(ALRPD)
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Rapid Nutrition : Firms up Balance Sheet with Focused Consolidation Strategy

08/03/2021 | 06:14am EDT
Rapid Nutrition Firms up Balance Sheet with Focused Consolidation Strategy
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03 Aug 2021 07:30 CEST

Company Name

RAPID NUTRITION

ISN

GB00BLG2TX24

Market

Euronext Growth

Symbol

ALRPD

London, United Kingdom - 3rd August 2021, 8:00am CET - Rapid Nutrition PLC (Euronext Growth: ALRPD, OTCQB: RPNRF), a natural healthcare company focused on sports nutrition, diet management and life sciences products with extensive worldwide distribution, further streamlined the company's balance sheet to pursue its industry-specific consolidation strategy and heighten investor confidence.

The company is pleased to announce it has recently completed a cashless transaction allowing Rapid Nutrition to receive back about 1.4 million shares from a major shareholder, Motivate Technologies, inc. ('MHT'). In return, Rapid Nutrition will relinquish its shares held in MHT, which were difficult to value based on the pandemic's impact and as a result the Company had written down the value of its financial assets in MHT on its balance sheet, as disclosed in the company's most recent annual report. The transaction enables Rapid Nutrition to receive back 100 percent of its initial investment in MHT and has no impact on Rapid Nutrition's underlying core business.

'We are pleased to further control our own destiny as management continues to deliver on key milestones and financial objectives this year,' said Rapid Nutrition CEO Simon St. Ledger. 'We believe in the value of Rapid Nutrition shares as we continue to strengthen both our balance sheet and position in the global health and wellness market.'

2mht.pdf

Source

RAPID NUTRITION

Provider

Euronext

Disclaimer

Rapid Nutrition plc published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:21 UTC.


ę Publicnow 2021
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Financials
Sales 2020 3,03 M 2,25 M 2,25 M
Net income 2020 -3,05 M -2,26 M -2,26 M
Net Debt 2020 1,03 M 0,77 M 0,77 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 4,89 M 3,63 M 3,63 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 11
Free-Float 91,2%
Chart RAPID NUTRITION PLC
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Rapid Nutrition Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Simon St Ledger Executive Chairman & Chief Executive Officer
Michael Zhu Chief Financial Officer
Shayne Kellow Non-Executive Director
Vesta Venderbeken Non-Executive Director
Doug Kuskopf-Dallas Vice President-Sales
Sector and Competitors
1st jan.Capi. (M$)
RAPID NUTRITION PLC0.00%4
BY-HEALTH CO., LTD.-1.24%6 302
BALCHEM CORPORATION31.03%4 887
HERBALIFE NUTRITION LTD.-9.49%4 592
THE SIMPLY GOOD FOODS COMPANY11.64%3 353
MEDIFAST, INC.-1.55%2 231