Science in Sport PLC Directorate Change (8878B)
June 12 2019 - 1:00AM
UK Regulatory
TIDMSIS
RNS Number : 8878B
Science in Sport PLC
12 June 2019
12 June 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 Elizabeth Lake, the
Company's Chief Financial Officer, has given notice that she will
leave the Company, and Board, on 10 September 2019 after being
approached to join another business.
The process to appoint a new Chief Financial Officer is now
underway.
Elizabeth managed a robust finance function at the Company and
she has confirmed that prior to her departure she will ensure that
all financial workstreams are in place in preparation for the
Company's results for the six months ending 30 June 2019, which are
expected to be announced in the week commencing 16 September
2019.
Trading across the Group in the year to date has been in line
with Board expectations and integration of the December 2018
acquisition of the PhD brand remains firmly on track.
The Company, whose cash position remains strong, will provide
further details of trading early next month in its scheduled
pre-close half year trading statement.
The Board thanks Elizabeth for her significant contribution to
Science in Sport during the past three years, a period of rapid
organic and acquisitive growth at the business, and wishes her well
in her future career.
For further information:
Science in Sport plc
Stephen Moon, Chief Executive Officer
Elizabeth Lake, Chief Financial
Officer +44 (0) 20 7400 3700
Liberum Capital Ltd
Nominated adviser and broker
Clayton Bush
Chris Clarke
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 traditionally 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAEAEKFFSKNEAF
(END) Dow Jones Newswires
June 12, 2019 02:00 ET (06:00 GMT)
Science In Sport (LSE:SIS)
Historical Stock Chart
From Apr 2024 to May 2024
Science In Sport (LSE:SIS)
Historical Stock Chart
From May 2023 to May 2024