Science in Sport PLC Directorate Change (2358O)
October 01 2019 - 2:01AM
UK Regulatory
TIDMSIS
RNS Number : 2358O
Science in Sport PLC
01 October 2019
1 October 2019
SCIENCE IN SPORT PLC
("SiS", "Company" or "Group")
Directorate Change
Science in Sport plc (AIM: SIS), the premium performance
nutrition company serving elite athletes, sports enthusiasts and
the gym lifestyle community, announces that Non-Executive Director
Raymond Duignan has indicated his intention to step down from the
Board in due course, pending the appointment of a new Non-Executive
Director.
Raymond, who joined the Board on 1 July 2015, will continue to
chair the Company's Audit Committee until his successor is in
office and an orderly transition of responsibilities has taken
place.
The recruitment process for the appointment of the new
Non-Executive Director is underway and further announcements will
be made as appropriate.
John Clarke, Science in Sport's Non-Executive Chairman,
commented:
"On behalf of the Board, I would like to express sincere thanks
to Raymond for his important contribution to Science in Sport over
the past four years, which represent a period of transformational
progress at the Company during which we have significantly extended
our product offering and built out our e-commerce and international
growth platforms. Raymond's counsel was of particular value in the
strategic acquisition of the PhD brand in December last year and
our successful entry into the rapidly growing protein and
nutritional bar markets. We look forward to working with Raymond
during the coming weeks and wish him well for the future."
For further information:
Science in Sport plc
Stephen Moon, Chief Executive Officer
James Simpson, Chief Financial
Officer +44 (0) 20 7400 3700
Liberum
Nominated adviser and broker
Bidhi Bhoma
James Greenwood +44 (0) 20 3100 2000
Buchanan Communications +44 (0) 20 7466 5000
Financial PR ScienceInSport@buchanan.uk.com
Mark Court
Vicky Hayns
Tilly Abraham
Notes to Editors
About Science in Sport plc
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
gym lifestyle community. The Company has two highly regarded
brands: PhD Nutrition, a premium protein brand targeting gym
lifestyle and sports enthusiasts, and SiS, a leading brand among
elite athletes and professional sports teams.
The two brands are sold internationally through multiple retail
channels, both traditional and online, including major supermarkets
and high street chains, specialist sports retailers and e-commerce
sites including Amazon and the brands' own websites. They enable
the Company to address the full breadth of the performance
nutrition market currently estimated at approximately GBP10 billion
worldwide.
PhD is one of the UK's leading protein brands with a reputation
for high quality and product innovation. The brand has grown
rapidly, based on its core protein powders, since launch in 2005.
The range now comprises powders, bars, flapjacks, drinks and other
products including the high protein, low sugar range, PhD Smart.
PhD is the exclusive sports nutrition supplier to David Lloyd Clubs
and its brand ambassadors include rapper Bugzy Malone, WBA
international champion Jordan Gill and Team GB Olympic sprinter
Asha Philip.
SiS, founded in 1992, has a core range comprising gels, powders
and bars focused on energy, hydration and endurance. SiS is the
official sports nutrition supplier to many professional cycling
teams and organisations including Team INEOS, British Cycling,
Cycling Australia, USA Cycling and USA Triathlon. SiS supplies more
than 80 professional football clubs in the UK and is an official
partner to British Triathlon and the Rock 'n' Roll Marathon Series.
SiS brand ambassadors include Olympians Sir Chris Hoy MBE, Mark
Cavendish MBE and Adam Peaty MBE.
Science in Sport is headquartered in London. Its shares joined
the AIM market of the London Stock Exchange in August 2013 and
trade under the ticker symbol SIS.
For further information, please visit www.scienceinsport.com
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END
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October 01, 2019 02:01 ET (06:01 GMT)
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