REG - Science in Sport PLC - Board Change and Notice of AGM

Science in SportAnnouncement

05/07/2023 07:00

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RNS Number : 9752E  Science in Sport PLC  05 July 2023

5 July 2023

Science in Sport plc

("Science in Sport", "the Company" or the "Group")

 

Board Change

and

Notice of Annual General Meeting

Board change

Science in Sport plc (AIM: SIS), the premium performance nutrition company
serving elite athletes, sports enthusiasts, and the active lifestyle
community, announces that following over nine years of service, John Clarke,
Chairman of the Company, will step down from the role as Chairman and a member
of the Board.   He will continue in the role until the completion of the
process to appoint a new Chair, with an orderly handover.

The Nominations Committee is running the new Chair selection process, which
will be managed by the Board with the assistance of a global search agency and
will consider the demands and requirements of the next development phase of
the business in global markets.

Stephen Moon, CEO of Science in Sport, said: "On behalf of the Board and
management team, I would like to thank John sincerely for his tireless
dedication to Science in Sport. His unmatched knowledge of brand strategy and
extensive global experience has guided the Company to its current position as
a global leader in science-led endurance and performance nutrition. His
leadership and strategic rigour have been an immense help to all of us. John
leaves us set for the next growth phase with a world-class supply chain and
two measurably premium brands."

John Clarke, Chairman of Science in Sport, said: "It has been a privilege to
serve as Chairman for what is now a world-renowned company of scale. It has
been a pleasure to work with an excellent professional Board and a dedicated
and talented group of people who have closely adhered to the winning business
strategy to grow the business at an annual rate of 23% over my tenure. The
business has developed from very small humble beginnings to now operate from a
world-class production and logistics centre of its own that will serve as the
platform for the next phase of growth. I am confident Science in Sport will
continue to drive forward vital innovation that will provide a competitive
edge in the sports nutrition industry and  continued high levels of growth
and profitability over the long term."

Notice of Annual General Meeting

The Company's Notice of Annual General Meeting has been posted to
shareholders. The Company's Annual General Meeting will be held at 11.00 a.m.
on Friday 28 July 2023 at the offices of Liberum Capital, Ropemaker Place,
Level 12, Ropemaker Street, London EC2Y 9LY.

The Notice of Annual General Meeting will also be available shortly on the
Company's website, at www.sisplc.com/results-centre/.

 

For further information please contact:

For further information:

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

 Daniel Lampard, CFO

 Liberum (Nominated Adviser and Broker)   T: 020 3100 2000
 Richard Lindley

 William Hall

 Lucas Bamber

 

Notes to Editors

About Science in Sport plc

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, and
Tottenham Hotspur and CGC Nice football clubs, as well as 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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