REG - Science in Sport PLC - Directorate Change

Science in SportAnnouncement

19/10/2023 07:00

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RNS Number : 5960Q  Science in Sport PLC  19 October 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

Science in Sport plc

(the "Company")

Directorate Change

Science in Sport plc (AIM: SIS), the premium performance nutrition company
serving elite athletes, sports enthusiasts, and the active lifestyle
community, announces that Stephen Moon is stepping down from his role as CEO.
This will take place with immediate effect, with Stephen remaining employed,
and on garden leave, during his notice period.  Chairman Dan Wright has been
appointed as Executive Chairman.

Dan Wright, Chairman, commented: "We would like to thank Stephen for the role
he has played with the Company for over a decade.  He has been instrumental
in Science in Sport and PhD becoming leading sports nutrition brands,
culminating in the completion of the world class supply chain facility in
Blackburn that is pivotal for the next phase of profitable growth."

Stephen Moon, former Chief Executive commented: "It has been a privilege to
serve as Chief Executive for over the last ten years. Over my tenure, the
business has grown from humble beginnings to a world class manufacturing
facility, with a global omni-channel presence underpinned by two market
leading brands. This could not have been delivered without the hard work and
dedication of a talented workforce that I have had the pleasure to lead over
this period. The business is set up to leverage the investment made in the
Blackburn facility, which I believe will deliver continued high levels of
growth and profitability over the long term."

For further information:

 Science in Sport plc                     T: 020 7400 3700
 Dan Wright, Executive Chairman

 Daniel Lampard, CFO

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

 

 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)

( )

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

 

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.

 

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

 

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

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