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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Science In Sport Plc | LSE:SIS | London | Ordinary Share | GB00BBPV5329 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.75 | 15.50 | 16.00 | 15.75 | 15.75 | 15.75 | 14,209 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Health & Allied Services,nec | 63.77M | -10.91M | -0.0640 | -2.46 | 26.83M |
TIDMSIS
RNS Number : 8545K
Science in Sport PLC
26 September 2016
26 September 2016
SCIENCE IN SPORT PLC
("SiS" or the "Company")
New Long Term Incentive Plan
Science in Sport plc (AIM: SIS), a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts, announces that, under the terms of the Company's long term incentive plan ("LTIP") the awards set out below were granted today in the form of nil cost options.
The awards will only vest on the achievement of certain revenue growth targets over the 3 years 2016, 2017 and 2018. None of the awards can be exercised until post 2018.
Following shareholder feedback the Company continues to be focussed on revenue growth. The current growth rate for the sports nutrition market is 8%, the share options will be awarded on a sliding scale for revenue growth between 15% and 30% per annum over the next 3 years.
This award replaces the existing 5 year LTIP, the 3 year revenue growth phase of this scheme vested in March 2016, and was then planned to be a profit plan for 2 years thereafter. Following the raising of additional capital in October 2015, the strategy has continued to be focused on revenue growth.
Name Position Number of shares subject to awards John Clarke Chairman 404,627 Chief Executive Stephen Moon Officer 1,798,342 Elizabeth Lake Finance Director 597,949 Commercial Ian Houghton Director 494,544 Ashley Read Marketing Director 404,627 Daniel Howarth General Manager 353,149
The value of the shares subject to these awards is 200% of the basic salary of the Chairman and Chief Executive Officer, and 100% of the basic salary of the Finance Director and other senior management, calculated using the average price of the shares over the three business days prior to this announcement.
In addition to the LTIP awards set out above, John Clarke and Stephen Moon hold 221,360 and 1,685,006 options over ordinary shares respectively.
Immediately prior to these awards the Company's issued share capital was 43,216,191 Ordinary Shares and there were outstanding awards (vested and unvested) under the previous STIP and LTIP scheme over 2,152,892 Ordinary Shares.
This announcement contains inside information.
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).
The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and hydration tablets; and SiS REGO, including protein-based recovery powders and bars. 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 teams Team SKY, Team Wiggins and USA Cycling. SiS is also the official sports nutrition partner to Liverpool FC and the official supplier of sports drinks and sports nutrition to the GB Rowing Team. In addition, Olympians Sir Chris Hoy MBE, and Katarina Johnson Thomson are brand ambassadors and Mark Cavendish is an Elite Sports Consultant to the brand.
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: John Clarke ---- ---------------------------------- ----------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------- a) Position/Status: Chairman ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 404,627 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price: ---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- f) Place of the Transaction: Outside a trading venue ---- ---------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------- a) Name: Stephen Moon ---- ---------------------------------- ----------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------- a) Position/Status: Chief Executive Officer ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 1,798,342 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price: ---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- 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 the notification ---- ----------------------------------------------------------------- a) Position/Status: Finance Director ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 597,949 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price: ---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- 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 the notification ---- ----------------------------------------------------------------- a) Position/Status: Commercial Director ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 494,544 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price: ---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- 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 the notification ---- ----------------------------------------------------------------- a) Position/Status: Marketing Director ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 404,627 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price: ---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- f) Place of the Transaction: Outside a trading venue ---- ---------------------------------- ----------------------------- 1 Details of the person discharging managerial responsibilities/person closely associated ---- ----------------------------------------------------------------- a) Name: Daniel Howarth ---- ---------------------------------- ----------------------------- 2 Reason for the notification ---- ----------------------------------------------------------------- a) Position/Status: General Manager ---- ---------------------------------- ----------------------------- b) Initial Notification/Amendment: Initial Notification ---- ---------------------------------- ----------------------------- 3 Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor ---- ----------------------------------------------------------------- a) Name: Science in Sport Plc ---- ---------------------------------- ----------------------------- b) LEI: n/a ---- ---------------------------------- ----------------------------- 4. Details of 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 Ordinary Shares of 10 financial instrument: pence each Identification code: ISIN: GB00BBPV5329 ---- ---------------------------------- ----------------------------- b) Nature of the transaction: Grant of nil cost options under the Company's long term incentive plan ---- ---------------------------------- ----------------------------- c) Price(s) and volume(s): Price(s) Volume(s) ---- ---------------------------------- -------------- ------------- Nil-cost 353,149 ------------------------------------------------------ ------------- d) Aggregated volume: n/a Price:
---- ---------------------------------- ----------------------------- e) Date of the Transaction: 26 September 2016 ---- ---------------------------------- ----------------------------- f) Place of the Transaction: Outside a trading venue ---- ---------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUQUBUPQGAQ
(END) Dow Jones Newswires
September 26, 2016 11:09 ET (15:09 GMT)
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