Science Sprt Regulatory News (SIS)

5 July 2023

Science in Sport plc

("Science in Sport", "the Company" or the "Group")

Board Change

and

Notice of Annual General Meeting

Board change

Science in Sport plc (AIM: SIS), the premium performance nutrition company serving elite athletes, sports enthusiasts, and the active lifestyle community, announces that following over nine years of service, John Clarke, Chairman of the Company, will step down from the role as Chairman and a member of the Board. He will continue in the role until the completion of the process to appoint a new Chair, with an orderly handover.

The Nominations Committee is running the new Chair selection process, which will be managed by the Board with the assistance of a global search agency and will consider the demands and requirements of the next development phase of the business in global markets.

Stephen Moon, CEO of Science in Sport, said: "On behalf of the Board and management team, I would like to thank John sincerely for his tireless dedication to Science in Sport. His unmatched knowledge of brand strategy and extensive global experience has guided the Company to its current position as a global leader in science-led endurance and performance nutrition. His leadership and strategic rigour have been an immense help to all of us. John leaves us set for the next growth phase with a world-class supply chain and two measurably premium brands."

John Clarke, Chairman of Science in Sport, said: "It has been a privilege to serve as Chairman for what is now a world-renowned company of scale. It has been a pleasure to work with an excellent professional Board and a dedicated and talented group of people who have closely adhered to the winning business strategy to grow the business at an annual rate of 23% over my tenure. The business has developed from very small humble beginnings to now operate from a world-class production and logistics centre of its own that will serve as the platform for the next phase of growth. I am confident Science in Sport will continue to drive forward vital innovation that will provide a competitive edge in the sports nutrition industry and continued high levels of growth and profitability over the long term."

Notice of Annual General Meeting

The Company's Notice of Annual General Meeting has been posted to shareholders. The Company's Annual General Meeting will be held at 11.00 a.m. on Friday 28 July 2023 at the offices of Liberum Capital, Ropemaker Place, Level 12, Ropemaker Street, London EC2Y 9LY.

The Notice of Annual General Meeting will also be available shortly on the Company's website, at www.sisplc.com/results-centre/.

For further information please contact:

For further information:

Notes to Editors

About Science in Sport plc

Headquartered in London, 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 active lifestyle community. The Company has two highly regarded brands, PhD Nutrition, a premium active-nutrition brand targeting the active lifestyle community, and SiS, a leading endurance nutrition brand among elite athletes and professional sports teams.

The two brands sell through the Company's phd.com and scienceinsport.com digital platforms, third-party online sites, including Amazon and Tmall, and extensive retail distribution in the UK and internationally, including major supermarkets, high street chains and specialist sports retailers. This omnichannel footprint enables the Company to address the full breadth of the sports nutrition market, sports nutrition market, worth $24.6bn in 2022 and forecast to grow CAGR 5.9% from 2022 to 2027.1

PhD is one of the UK's leading active nutrition brands with a reputation for high quality and product innovation. The brand has grown rapidly since its launch in 2005. The range now comprises powders, bars, and supplements, including the high protein, low sugar range, PhD Smart. PhD brand ambassadors include leading endurance and strength athlete Ross Edgley and influencer Gabby Allen. 

SiS, a leading endurance nutrition business founded in 1992, has a core range comprising gels, powders and bars focused on energy, hydration, and recovery. SiS is an official endurance nutrition supplier to over 320 professional teams, organisations, and national teams worldwide. SiS supplies more than 150 professional football clubs in the UK, Europe, and the USA. 

SiS is Performance Solutions partner to Ineos Grenadiers cycling team, and Tottenham Hotspur and CGC Nice football clubs, as well as Official Nutrition Partner to the Milwaukee Bucks, 2021 National Basketball Association Champions. 

For further information, please visit phd.com and scienceinsport.com

1 Euromonitor Passport Database Global Assessment (October 2022)