TIDMSIS
RNS Number : 3250A
Science in Sport PLC
23 March 2017
23 March 2017
SCIENCE IN SPORT PLC
("SiS" or the "Company")
PDMR Dealings, Issue of Equity and Total Voting Rights
Science in Sport plc (AIM: SIS), a leading sports nutrition
company that develops, manufactures and markets sports nutrition
produces for professional athletes and sports enthusiasts announces
that it has made awards in the form of nil cost options under the
terms of the Company's long term incentive plan ("LTIP") and short
term incentive plan ("STIP") including to persons discharging
managerial responsibility ("PDMRs") for the purposes of the Market
Abuse Regulation ("MAR"). Details of the awards are set out below
together with the information required under MAR in respect of PDMR
dealings.
Under the LTIP previously announced to the market on 26
September 2016, awards have been made in respect of 1,216,928
ordinary shares. None of the awards can be exercised until
2019.
Awards under the STIP for the 2016 financial year ("STIP 2016")
have been made in respect of 1,021,101 ordinary shares. There are
no outstanding performance conditions in respect of these options
and they vested immediately on grant.
Awards under the STIP for the 2017 financial year ("STIP 2017")
have been made in respect of 760,887 ordinary shares. These options
will not vest before 1 January 2018 and are subject to business and
personal performance conditions being satisfied during the 2017
financial year.
The LTIP, STIP 2016 and STIP 2017 awards are set out below:
Awards under
Name Position LTIP STIP 2016 STIP 2017
John Clarke Chairman 130,909 0 0
Stephen Chief Executive
Moon Officer 584,143 623,721 460,164
Elizabeth
Lake Finance Director 96,727 58,850 81,278
Commercial
Ian Houghton Director 160,000 97,345 69,444
Ashley Marketing
Read Director 130,909 79,646 55,556
Daniel
Howarth General Manager 114,240 69,504 50,000
Mark McKechnie Head of E-Commerce 0 61,947 44,444
Others N/A 0 30,088 0
Totals 1,216,928 1,021,101 760,887
Following the grant of the awards, the directors' interests in
options over ordinary shares in the Company (vested and unvested
and conditional on the achievement of all performance conditions)
is as follows:
Name Position Vested Conditional Total Options
Options Options*
John Clarke Chairman 352,269 261,818 614,087
Stephen Chief Executive
Moon Officer 2,892,870 1,628,450 4,521,320
Elizabeth
Lake Finance Director 155,577 468,186 623,763
Timothy Non-Executive
Wright Director 0
Raymond Non-Executive
Duignan Director 0
Total 3,400,716 2,358,454 5,759,170
* the conditional options relate to the 2017 STIP and years 2
and 3 of the LTIP which are conditional upon performance criteria
being met over the future periods.
In order to meet its obligations in respect of the awards under
the LTIP and the awards under the STIP 2016, the Company is issuing
a total of 2,238,029 ordinary shares ("New Shares") to the Employee
Benefit Trust. Application has been made for these shares to be
admitted to trading on AIM and it is expected that admission will
take place at 8 a.m. on 30 March 2017.
Following the issue of the New Shares, for the purposes of the
Disclosure and Transparency Rules, the capital of the Company will
consist of 45,613,456 Ordinary Shares with a nominal value of
GBP0.10 each. The Company does not hold any Ordinary Shares in
Treasury. Therefore, the total number of voting rights in the
Company will be 45,613,456 and this figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
For further information:
Science in Sport PLC +44 (0) 20 7400 3700
Stephen Moon, CEO
Elizabeth Lake, Finance
Director
Cenkos Securities - NOMAD
and Broker +44 (0) 20 7397 8900
Bobbie Hilliam
Yellow Jersey PR - Financial
PR
Felicity Winkles +44 (0) 7748 843 871
Harriet Jackson +44 (0) 7544 275 882
Notes for editors
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 London Olympics, 34
medal-winning athletes or teams used SiS products (compared with 24
in 2012).
A key component of this trust is the Company's approach to
preventing banned substances entering its supply chain and finished
products. Each year an internal review of the banned substance
prevention regime takes place, and from January 2017 an upgraded
system has been implemented. The enhanced regime is built on the
following pillars:
-- Every single batch of SIS finished product which leaves the
Company's factory is screened against the 2017 World Anti-Doping
Agency (WADA) list. Banned substances including steroids are tested
to the level of 10 Nanograms per gram, and stimulants to 100
Nanograms per gram
-- Batches (sampled at the beginning, during and end of each
product batch) receive the recognised and respected Informed Sport
certificate and SIS provides the documentation to athletes on
request
SiS is currently the official sports nutrition supplier to
professional cycling team Team Sky, USA Cycling, British Cycling
and Liverpool Football Club. Sir Chris Hoy & Katarina
Johnson-Thompson are official brand ambassadors and cyclist Mark
Cavendish is also an elite sports consultant.
The SiS core product range includes: SiS GO, comprising energy
powders, isotonic gels, energy bars and hydration tablets, SiS
REGO, including protein-based recovery powders and SiS Protein,
products specifically designed to contribute to athletes' lean
muscle mass growth and maintenance. SiS products are sold in a
range of retail channels, including specialist sport retailers,
major grocers, high street retailers and e-commerce websites.
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.
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/ Initial Notification
Amendment
---- --------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- --------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
---- --------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- --------------------------- ------------------- -----------------
Nil Cost 1,668,028
---------------------------------------------------- -----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- --------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- --------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- --------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ------------------------------------------------------------------------
a. Name Elizabeth Lake
------------------------------------------
2 Reason for
notification
---- ---------------------------- ------------------------------------------
a. Position/Status Finance Director
---- ---------------------------- ------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---- ---------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
---- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- ----------------
Nil Cost 236,855
------------------------------------------------------ ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ------------------------------------------------------------------------
a. Name John Clarke
------------------------------------------
2 Reason for
notification
---- ---------------------------- ------------------------------------------
a. Position/Status Chairman
---- ---------------------------- ------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---- ---------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long term incentive
plan
---- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- ----------------
Nil Cost 130,909
------------------------------------------------------ ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- ------------------------------------------
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/ Initial Notification
Amendment
---- ---------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
---- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- ----------------
Nil Cost 326,789
------------------------------------------------------ ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ------------------------------------------------------------------------
a. Name Ashley Read
------------------------------------------
2 Reason for
notification
---- ---------------------------- ------------------------------------------
a. Position/Status Marketing Director
---- ---------------------------- ------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---- ---------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
---- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- ----------------
Nil Cost 266,111
------------------------------------------------------ ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- ------------------------------------------------------------------------
a. Name Daniel Howarth
------------------------------------------
2 Reason for
notification
---- ---------------------------- ------------------------------------------
a. Position/Status General Manager
---- ---------------------------- ------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---- ---------------------------- ------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- ------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
---- ---------------------------- ------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- ----------------
Nil Cost 233,744
------------------------------------------------------ ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- ------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- ------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- ------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -------------------------------------------------------------------------
a. Name Mark McKechnie
-------------------------------------------
2 Reason for
notification
---- ---------------------------- -------------------------------------------
a. Position/Status Head of E-Commerce
---- ---------------------------- -------------------------------------------
b. Initial notification/ Initial Notification
Amendment
---- ---------------------------- -------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
---- ---------------------------- -------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's short term incentive
plans
---- ---------------------------- -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
---- ---------------------------- -------------------- -----------------
Nil Cost 106,391
------------------------------------------------------ -----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
---- ---------------------------- -------------------------------------------
e. Date of the 2017-03-22
transaction
---- ---------------------------- -------------------------------------------
f. Place of the Outside a trading venue
transaction
---- ---------------------------- -------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------------------
a. Name
------------------------------------------------
2 Reason for
notification
--- --------------------------- ------------------------------------------------
a. Position/Status
--- --------------------------- ------------------------------------------------
b. Initial notification/ Initial Notification
Amendment
--- --------------------------- ------------------------------------------------
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 Ordinary Shares of 10p each
of the financial
instrument, ISIN: GB00BBPV5329
type of instrument
Identification
Code
--- --------------------------- ------------------------------------------------
b. Nature of the Grant of nil cost options under
transaction the Company's long and short term
incentive plans
--- --------------------------- ------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
--- --------------------------- ------------------- ----------------
Nil Cost
------------------- ----------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
--- --------------------------- ------------------------------------------------
e. Date of the 2017-03-22
transaction
--- --------------------------- ------------------------------------------------
f. Place of the Outside a trading venue
transaction
--- --------------------------- ------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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