Grant of Options

RNS Number : 9107M

Science in Sport PLC

22 July 2014

 



For immediate release

22 July 2014

SCIENCE IN SPORT PLC

("SiS" or the "Company")

Grant of Options

Science in Sport plc (AIM: SIS), a leading sports nutrition company, today announces that its Remuneration Committee has issued options over ordinary shares of 10 pence each ("Options") to Stephen Moon, a director of the Company, in line with his remuneration package.

Mr Moon has been awarded 328,125 Options following his and the Company's performance for the year ended 31 March 2014. Mr Moon held no Options prior to this award. The Options can be exercised by Mr Moon for nil consideration.

The Company also announces that following the placing undertaken by the Company, as announced on 9^th April 2014, its Remuneration Committee has amended the Company's share option plan ("SOP") to take into account the increased share capital of the Company post placing. The maximum awards to employees under the SOP as a percentage remains unchanged however the actual number of Options that can be issued to each employee under the SOP has been increased to reflect the larger issued ordinary share capital of the Company post placing, being 24,625,591 ordinary shares of 10 pence each. Mr Moon and John Clarke, both directors of the Company, are potential future beneficiaries of the SOP.

Full details of the Company's SOP are set out in the Company's AIM Admission Document which is available on the SiS website: www.scienceinsport.com

For further information:

Science in Sport PLC	[phone]
Stephen Moon, CEO
Cenkos Securities	[phone]
Bobbie Hilliam - NOMAD and Broker
Buchanan	[phone]
Mark Court / Sophie McNulty / Fiona Henson
[e-mail]

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 2012 London Olympics, 24 medal-winning athletes or teams used SiS products.

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 Rapha Condor JLT, Madison Genesis, Pro Team Astana, Team Katusha and Trek. SiS is also currently the official supplier of sports drinks and sports nutrition to the GB Rowing Team. In addition, Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Helen Jenkins are Elite Sports Consultants and brand ambassadors.

SiS was founded in 1992 and is headquartered in London. Its manufacturing and product development 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

 

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