28 July 2023
Science in Sport plc
("Science in Sport", "the Company" or the "Group")
Result of Annual General Meeting
Science in Sport plc (AIM: SIS), the premium performance nutrition company serving elite athletes, sports enthusiasts and the active lifestyle community, held its Annual General Meeting (AGM) at 11.00 am today. All Resolutions, with the exception of Resolutions 8 and 9, as set out in the Notice of Meeting dated 5 July 2023, were duly passed. The Company also recognises that a large proportion of the votes were cast against Resolutions 1 and 7. The Board will engage in discussions with certain of its major shareholders to better understand their views.
The table below shows the proxy position for all Resolutions:
| RESOLUTIONS | FOR
| AGAINST
| WITHHELD
| ||
|
Total votes cast:
| No. of votes | % | No. of votes | % | No. of votes |
| Resolution 1 | 58,811,072 |
55.16
| 47,803,350 | 44.84 | 10,978,963 |
| Resolution 3 To elect Daniel Lampard as a director of the Company (ordinary resolution). | 116,950,260 | 99.46 | 634,664 | 0.54 | 8,461 |
| Resolution 4 To elect Henry Turcan as a director of the Company (ordinary resolution). | 116,916,785 | 99.43 | 668,139 | 0.57 | 8,461 |
| Resolution 5 To re-appoint BDO LLP as auditors of the Company (ordinary resolution). | 117,584,857 | 99.99 | 8,067 | 0.01 | 461 |
| Resolution 6 To authorise the Directors to agree the auditors' remuneration (ordinary resolution). | 117,584,857 | 99.99 | 8,528 | 0.01 | 0 |
| Resolution 7 To authorise the directors to allot shares up to the limits set out in the notice of meeting (ordinary resolution). | 78,248,673 | 66.54 | 39,344,251 | 33.46 | 461 |
| Resolution 8 That subject to the passing of resolution 7, to authorise the Directors to allot equity securities for cash on a non pre-emptive basis (special resolution). | 70,527,023 | 59.98 | 47,065,836 | 40.02 | 526 |
| Resolution 9 That, subject to the passing of resolution 7, to authorise the Directors to allot equity securities for cash for specified capital investment purposes (special resolution). | 69,422,448 | 59.04 | 48,170,411 | 40.96 | 526 |
Note: the resolution to reappoint Tim Wright as a Non-Executive Director of the Company (Resolution 2) was withdrawn prior to the AGM following his resignation from the Company on 28 July.
Note: the 'For' votes include those giving the Chairman discretion.
Note: the full text of each of the resolutions is contained in the Notice of Annual General Meeting which is available on the Company's website at https://www.sisplc.com/results-centre/.
For further information please contact:
For further information:
| Science in Sport plc | T: 020 7400 3700 |
| Stephen Moon, CEO Daniel Lampard, CFO
| |
| | |
| Liberum (Nominated Adviser and Broker) | T: 020 3100 2000 |
| Richard Lindley Anake Singh | |
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)
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