Sports nutrition specialist, Science in Sport (SiS), which is listed on the AIM stock market, has applied for 159,236 New Ordinary Shares, of 10 pence each, to be admitted to trading on AIM. A release from SiS notes that the New Ordinary Shares are being ‘issued as consideration related to sponsorship services’. It is expected that dealings in the New Ordinary Shares will commence at 08:00 GMT on 13 January 2017.
Following the admission of the new shares, the company will have a total of 43,375,427 Ordinary Shares of 10 pence each outstanding.
The new share issue comes on the back of another strong year of growth for SiS. The company has reported a 30% uplift in revenue to £12.24 million in the 12 months to 31 December 2016. According to SiS, this was supported by online and overseas expansion, as well as an increased presence in the grocery channel.
Science in Sport is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. 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, products specifically designed to contribute to athletes’ lean muscle mass growth and maintenance.
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 team Team SKY and USA Cycling. SiS is also the official sports nutrition partner to Liverpool FC. In addition, Olympians Sir Chris Hoy MBE, and Katarina Johnson Thomson are brand ambassadors; and Mark Cavendish is an Elite Sports Consultant to the brand.
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.
