Science in Sport raises £8.5 million via a placing and retail offer
July 2024
Headquartered in London, Science in Sport plc is an AIM listed 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 eBay, 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.
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.
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, Tottenham Hotspur and CGC Nice football clubs.
Placing and Retail Offer
SIS has successfully raised £8 million via the issue of 47,058,823 Placing Shares and a further £0.5 million via the issue of 2,941,176 from the Retail Offer.
The Perivan shareholder communications team were delighted to work with Panmure Liberum who acted as Nominated Adviser and Broker and Addleshaw Goddard who acted as Legal Adviser to the documentation which was successfully produced and posted to qualifying shareholders on 8th July 2024.
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