Grant of Options

RNS Number : 0438V
Science in Sport PLC
03 April 2019
 

3 April 2019

SCIENCE IN SPORT PLC
("SiS" or the "Company")

Grant of Options

Science in Sport plc (AIM: SIS), a leading premium performance nutrition company that develops, manufactures and markets performance nutrition products for elite athletes, sports and gym lifestyle enthusiasts, announces that it has made awards in the form of nil cost options under the terms of the Company's short term incentive plan ("STIP") to persons discharging managerial responsibility ("PDMRs").  Details of the awards to PDMRs are set out below together with the information required under the Market Abuse Regulation in respect of PDMR dealings.

Awards of options under the STIP have been made to PDMRs in respect of 1,288,365 ordinary shares of 10p each. There are no outstanding performance conditions in respect of these options and they are exercisable immediately. The awards have been made in lieu of cash bonuses for the year ended 31 December 2018.



 

Name

Position

STIP


Stephen Moon

Chief Executive Officer

780,769


Elizabeth Lake

Chief Financial Officer

174,308


Ashley Read

Managing Director

89,135


Ian Houghton

Commercial Director

99,038


Mark McKechnie

E-Commerce Director

57,692


Craig Fletcher

Supply Chain Director

24,038


Edward Brady

Group Financial Controller

63,385







Totals

1,288,365



 

For further information:

Science in Sport PLC

+44 (0) 20 7400 3700

Stephen Moon, CEO


Elizabeth Lake, Finance Director




 Liberum Capital Ltd

 +44 (0) 20 3100 2222

Nominated adviser and broker


Clayton Bush


Chris Clarke


James Greenwood




Buchanan

+44 (0) 20 7466 5000

Financial PR


Mark Court


 

About Science in Sport plc

Science in Sport plc is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. SiS is a strong brand in the elite athlete community - in the 2016 Rio Olympics, 34 medal-winning athletes or teams used SiS products (compared with 24 in 2012).

The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and shots; SiS REGO, including protein-based recovery powders; SiS Protein, products specifically designed to contribute to athletes' lean muscle mass growth and maintenance; SiS Supplements, comprising BCAA Perform, Creatine, Beta Alanine and L Glutamine; SiS Athlete Health, vitamins and supplements range designed to support and maintain immune function, digestive health and bone health.  SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites.

SiS is currently the official sports nutrition supplier to professional cycling organisations Team SKY, British Cycling, Cycling Australia and USA Cycling. SiS is also a partner to British Triathlon & Rock n Roll Marathon Series. Along with supplying over 80 professional English & Scottish League football teams, SiS is Sports Nutrition Partner to the world's most popular football club, Manchester United FC. In addition, Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Adam Peaty MBE are Brand Ambassadors.

SiS was founded in 1992 and is headquartered in Hatton Garden, London. Its manufacturing facility is in Nelson, Lancashire.

SiS shares are traded on the AIM market of the London Stock Exchange under the ticker symbol SIS.

About PhD

PhD is a UK-headquartered premium protein brand. Since being founded by Jason Rickaby and Mark Bowering in 2005, PhD has developed into one of the UK's leading protein brands with a reputation for high quality and innovative products aimed at sports enthusiasts and gym lifestyle consumers.

It has c.24 employees and an experienced management team that has a track record of delivering consistent revenue growth and profitability. For the year ended August 2018, PhD reported revenues of £20.8 million and adjusted EBITDA of £2.8 million.

For further information, please visit www.scienceinsport.com

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Stephen Moon

2

Reason for notification

 

 

 

a.

Position/Status

Chief Executive Officer

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

 780,769


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue










 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Elizabeth Lake

2

Reason for notification

 

 

 

a.

Position/Status

Chief Financial Officer

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

 174,308


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue










 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Ashley Read

2

Reason for notification

 

 

a.

Position/Status

Managing Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

89,135


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue










 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Ian Houghton

2

Reason for notification

 

 

 

a.

Position/Status

Commercial Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

 99,038


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue










 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Mark McKechnie

2

Reason for notification

 

 

 

a.

Position/Status

E-Commerce Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

57,692


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Craig Fletcher

2

Reason for notification

 

 

 

a.

Position/Status

Supply Chain Director

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

24,038


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Edward Brady

2

Reason for notification

 

 

 

a.

Position/Status

Group Financial Controller

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

SCIENCE IN SPORT PLC

b.

LEI

213800FWYWBJFJPPJ981

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a.

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of 10p each

 

ISIN: GB00BBPV5329

b.

Nature of the transaction

Grant of nil cost options under the Company's short-term incentive plan

c.

Price(s) and volume(s)







Price(s)

Volume(s)


 Nil

63,385


 

 

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

2019-04-03

f.

Place of the transaction

Outside a trading venue

 


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