Science in Sport PLC Directorate Change (8878B)

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                                  [phone] 
 Liberum Capital Ltd 
  Nominated adviser and broker 
  Clayton Bush 
  Chris Clarke 
  James Greenwood                          [phone] 
 Buchanan Communications                   [phone] 
  Financial PR                              [e-mail] 
  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

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June 12, 2019 02:00 ET (06:00 GMT)