REG - Science in Sport PLC - Appointment of Non Exec Chairman

Science in SportAnnouncement

28/09/2023 07:00

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RNS Number : 9067N  Science in Sport PLC  28 September 2023

28 September 2023

AIM: SIS

 

 

SCIENCE IN SPORT PLC

("Group" or "Company")

 

Appointment of Non-Executive Chairman

 

 

Science in Sport plc (AIM: SIS), the premium performance nutrition company
serving elite athletes, sports enthusiasts, and the active lifestyle
community, is pleased to announce the proposed appointment of Dan Wright as
Non-Executive Chairman, subject to the satisfactory completion of due
diligence by the Company's Nominated Adviser, Liberum Capital Limited.

 

Dan has been the Executive Chairman of Accrol Group Holdings Plc since early
2018 and has helped deliver a significant turnaround in that business.

 

He is the Non-Executive Chairman of UInsure Limited and Manchester &
London Investment Trust plc.

 

He was previously the Chief Operating Officer, Head of Portfolio and a Founder
Partner at NorthEdge Capital, a mid-market private equity house focused on
Management Buyouts and Growth investments with c.£800m under management.  He
was also Executive Chairman of Vision Support Services Group Limited, a
private company that he founded and grew to become Europe's leading
distributor of textiles to the hospitality sector before its sale to Westpoint
Inc., a subsidiary of Icahn Enterprises.

 

He has also worked at Cable Partners LLC, Deutsche Morgan Grenfell Private
Equity and The Royal Bank of Scotland. He qualified as a Chartered Accountant
with Arthur Andersen in 1996 and secured an IDP-C from INSEAD in 2017.

 

Dan Wright commented: "I am delighted to be joining SiS at this pivotal time
for the business. The investment in the manufacturing facility and associated
product development has put the business in a position to leverage the deep
expertise of its people and the power of its brands into profitable growth."

 

A further announcement will be made in due course.

 

Ends

 

 

 Science in Sport plc                    T: 020 7400 3700
 Stephen Moon, CEO

 Dan Lampard, CFO

 Liberum (Nominated adviser and broker)  T: 020 3100 2000
 Richard Lindley

 

About Science in Sport plc

www.sisplc.com (http://www.sisplc.com)

 

Headquartered in London, Science in Sport plc is a leading sports nutrition
business that develops, manufactures, and markets innovative nutrition
products for professional athletes, sports and fitness enthusiasts and the
active lifestyle community. The Company has two highly regarded brands, PhD
Nutrition, a premium active-nutrition brand targeting the active lifestyle
community, and SiS, a leading endurance nutrition brand among elite athletes
and professional sports teams.

 

The two brands sell through the Company's phd.com and scienceinsport.com
digital platforms, third-party online sites, including Amazon and Tmall, and
extensive retail distribution in the UK and internationally, including major
supermarkets, high street chains and specialist sports retailers. This
omnichannel footprint enables the Company to address the full breadth of the
sports nutrition market, sports nutrition market worth $24.6bn in 2022 and
forecast to grow CAGR 5.9% from 2022 to 2027.(1)

 

PhD is one of the UK's leading active nutrition brands with a reputation for
high quality and product innovation. The brand has grown rapidly since its
launch in 2005. The range now comprises powders, bars, and supplements,
including the high protein, low sugar range, PhD Smart. PhD brand ambassadors
include leading endurance and strength athlete Ross Edgley and influencer
Gabby Allen.

 

SiS, a leading endurance nutrition business founded in 1992, has a core range
comprising gels, powders and bars

focused on energy, hydration, and recovery. SiS is an official endurance
nutrition supplier to over 320 professional teams, organisations, and national
teams worldwide. SiS supplies more than 150 professional football clubs in
the UK, Europe, and the USA.

 

SiS is Performance Solutions partner to Ineos Grenadiers cycling team,
Tottenham Hotspur and CGC Nice football, and Official Nutrition Partner to the
Milwaukee Bucks, 2021 National Basketball Association Champions.

 

For further information, please visit phd.com and scienceinsport.com

(1 )Euromonitor Passport Database Global Assessment (October 2022)

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