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SIS Science In Sport Plc

15.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Science in Sport PLC New Long Term Incentive Plan (8545K)

26/09/2016 4:09pm

UK Regulatory


Science In Sport (LSE:SIS)
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From Mar 2019 to Mar 2024

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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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