TIDMSIS
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 T: 020 3100 2000
Broker)
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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