REG - Science in Sport PLC - Result of Annual General Meeting

Science in SportAnnouncement

28/07/2023 15:00

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RNS Number : 6128H  Science in Sport PLC  28 July 2023

28 July 2023

Science in Sport plc

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

 

Result of Annual General Meeting

Science in Sport plc (AIM: SIS), the premium performance nutrition company
serving elite athletes, sports enthusiasts and the active lifestyle community,
held its Annual General Meeting (AGM) at 11.00 am today. All Resolutions, with
the exception of Resolutions 8 and 9, as set out in the Notice of Meeting
dated 5 July 2023, were duly passed. The Company also recognises that a large
proportion of the votes were cast against Resolutions 1 and 7. The Board will
engage in discussions with certain of its major shareholders to better
understand their views.

The table below shows the proxy position for all Resolutions:

 RESOLUTIONS                                                                      FOR                   AGAINST              WITHHELD

                                                                                  No. of votes  %       No. of votes  %      No. of votes

 Total votes cast:

 Resolution 1                                                                     58,811,072            47,803,350    44.84  10,978,963
 To receive the accounts of the Company for the year ended 31 December 2022 and

 the reports of the Directors and auditors thereon (ordinary resolution).                       55.16

 Resolution 3                                                                     116,950,260   99.46   634,664       0.54   8,461

 To elect Daniel Lampard as a director of the Company (ordinary resolution).
 Resolution 4                                                                     116,916,785   99.43   668,139       0.57   8,461

 To elect Henry Turcan as a director of the Company (ordinary resolution).
 Resolution 5                                                                     117,584,857   99.99   8,067         0.01   461

 To re-appoint BDO LLP as auditors of the Company (ordinary resolution).
 Resolution 6                                                                     117,584,857   99.99   8,528         0.01   0

 To authorise the Directors to agree the auditors' remuneration (ordinary
 resolution).
 Resolution 7                                                                     78,248,673    66.54   39,344,251    33.46  461

 To authorise the directors to allot shares up to the limits set out in the
 notice of meeting (ordinary resolution).
 Resolution 8                                                                     70,527,023    59.98   47,065,836    40.02  526

 That subject to the passing of resolution 7, to authorise the Directors to
 allot

 equity securities for cash on a non pre-emptive basis (special resolution).
 Resolution 9                                                                     69,422,448    59.04   48,170,411    40.96  526

 That, subject to the passing of resolution 7, to authorise the Directors to
 allot equity securities for cash for specified capital investment purposes
 (special resolution).

 

Note: the resolution to reappoint Tim Wright as a Non-Executive Director of
the Company (Resolution 2) was withdrawn prior to the AGM following his
resignation from the Company on 28 July.

Note: the 'For' votes include those giving the Chairman discretion.

Note: the full text of each of the resolutions is contained in the Notice of
Annual General Meeting which is available on the Company's website at
https://www.sisplc.com/results-centre/
(https://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

 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)

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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