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SIS Science In Sport Plc

15.75
0.00 (0.00%)
Last Updated: 08:00:00
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 0.00 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 PDMR Dealings and Issue of Equity (3250A)

23/03/2017 1:00pm

UK Regulatory


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

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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

MSCSELFFDFWSEFD

(END) Dow Jones Newswires

March 23, 2017 09:00 ET (13:00 GMT)

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