Last checked at 22 Mar 2016 17:08
For immediate release | 22 March 2016
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SCIENCE IN SPORT PLC
("SiS" or the "Company")
Grant of Options
Science in Sport plc (AIM: SIS), a leading sports nutrition company, announces that its Remuneration Committee has issued options over ordinary shares of 10 pence each ("Options") to Stephen Moon and John Clarke, both directors of the Company, in line with their remuneration packages.
Mr Moon has been awarded 350,908 Options as part of his annual incentive under the Company's share option plan ("SOP") following his and the Company's performance for the year ended 31 December 2015.
Mr Moon has also been awarded 738,767 Options and Mr Clarke 221,630 Options as part of the long term revenue growth incentive under the Company's SOP for which the performance criteria was met, and exceeded, at the 31 December 2015. The Company achieved a Compound Annual Growth Rate in excess of 20% between the base year, being the year ended 31 March 2013, and the year ended 31 December 2015.
Mr Moon now holds 1,685,006 Options and Mr Clarke holds 221,630 Options. The Options have vested and can be exercised for nil consideration.
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 | +44 (0) 20 7400 3700 |
Stephen Moon, CEO | |
Cenkos Securities |
+44 (0) 20 7397 8900 |
Bobbie Hilliam - NOMAD and Broker | |
Notes to 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.
The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and hydration tablets; SiS REGO, including protein-based recovery powders and bars; and SiS Protein, a whey protein range for lean muscle development including WHEY20, a novel ready to consume whey protein product. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites. The Company sold product in more than 100 countries in 2015.
SiS is the official sports nutrition supplier to professional cycling teams Team Sky and Team WIGGINS. SiS is also 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 Katarina Johnson-Thompson are Elite Sports Consultants and brand ambassadors.
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