Last checked at 5 Jan 2024 07:00
Science in Sport plc
(the "Company")
Director/PDMR Shareholding
Science in Sport plc (AIM: SIS) has been notified that Gomrath Limited, a family investment company controlled by Dan Wright, Executive Chairman, purchased a total of 1,000,000 ordinary shares in the Company on 2 January 2024 at an average price of 11 pence per ordinary share. Following the transaction, Gomrath Limited are interested in an aggregate of 1,000,000 ordinary shares representing 0.55% of the Company's issued ordinary share capital.
Additionally, the Company has also been notified that Lombard Odier Asset Management (Europe) Limited ("Lombard Odier"), PCA of Henry Turcan, Non-Executive Director of the Company purchased a total of 3,728,485 ordinary shares in the Company on 2 January 2024 at an average price of 11 pence per ordinary share. Lombard Odier purchased a further total of 6,017,861 ordinary shares in the Company on 3 January 2024 at an average price of 11 pence per ordinary share. Following the transactions, Lombard Odier are interested in an aggregate of 46,938,024 ordinary shares representing 25.75% of the Company's issued ordinary share capital.
The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||||
a)
| Name | Gomrath Limited
| ||||||
2
| Reason for the notification | |||||||
a)
| Position/status | PCA of Dan Wright, Executive Chairman
| ||||||
b)
| Initial notification /Amendment | Initial Notification | ||||||
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 of the financial instrument, type of instrument
Identification code | Ordinary Shares of 10 pence each
ISIN: GB00BBPV5329 | ||||||
b)
| Nature of the transaction | Purchase of new Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information
Aggregated volume Price |
Single transaction as in 4 c) above
| ||||||
e)
| Date of the transaction | 2 January 2024
| ||||||
f)
| Place of the transaction
| XLON | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a)
| Name | Lombard Odier Asset Management (Europe) Limited
| |||||||||
2
| Reason for the notification | ||||||||||
a)
| Position/status | PCA of Henry Turcan, Non-Executive Director
| |||||||||
b)
| Initial notification /Amendment | Initial Notification | |||||||||
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 of the financial instrument, type of instrument
Identification code | Ordinary Shares of 10 pence each
ISIN: GB00BBPV5329 | |||||||||
b)
| Nature of the transaction | Purchase of new Ordinary Shares | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information
Aggregated volume Price |
Single transactions as in 4 c) above
| |||||||||
e)
| Date of the transaction | 1) 2 January 2024 2) 3 January 2024
| |||||||||
f)
| Place of the transaction
| XLON | |||||||||
For further information:
Science in Sport plc | T: 020 7400 3700 |
Dan Wright, Executive Chairman Daniel Lampard, CFO
| |
Liberum (Nominated Adviser and Broker) | T: 020 3100 2000 |
Richard Lindley John More
|
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
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 is Performance Solutions partner to Ineos Grenadiers cycling team, Tottenham Hotspur and CGC Nice football, as well as Official Nutrition Partner to the Milwaukee Bucks, 2021 National Basketball Association Champions.
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.
For further information, please visit phd.com and scienceinsport.com