3rd May 2017 09:23
SCIENCE IN SPORT PLC
("SiS" or the "Company")
The Company today announces that following the issue of 2,238,029 new ordinary shares to its Employee Benefit Trust to satisfy future obligations in respect of awards under its long term incentive plan ("LTIP") and short term incentive plan ("STIP"), as announced on 23 March 2017, the Company has been notified by Regal Trustees Limited, the Company's Employee Benefit Trust, that it now holds 4,390,921 ordinary shares, representing 9.63 per cent. of the issued share capital of the Company.
A copy of the TR-1 notification of major interest in shares is set out below:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | SCIENCE IN SPORT PLC | ||
2 Reason for the notification (please tick the appropriate box or boxes): | |||
An acquisition or disposal of voting rights | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||
An event changing the breakdown of voting rights | |||
Other (please specify):
The Company has issued a total of 2,238,029 ordinary shares ("New Shares") to its Employee Benefit Trust to satisfy future obligations in respect of awards under its long term incentive plan ("LTIP") and short term incentive plan ("STIP").
| X | ||
3. Full name of person(s) subject to thenotification obligation: iii | REGAL TRUSTEES LIMITED (EMPLOYEE BENEFIT TRUST) | ||
4. Full name of shareholder(s) (if different from 3.):iv | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 30 MARCH 2017 | ||
6. Date on which issuer notified: | 2 MAY 2017 | ||
7. Threshold(s) that is/are crossed orreached: vi, vii | 5%, 6%, 7%, 8%, 9% | ||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
ORDINARY 10P
ISIN: GB00BBPV5329 | 2,152,892 | 2,152,892 | 4,390,921 | 4,390,921 | - | 9.63 | - | |||||||||
B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
| |||||||||||
| Nominal | Delta | ||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
4,390,921 | 9.63 | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
| ||
Proxy Voting: | ||
10. Name of the proxy holder: | ||
11. Number of voting rights proxy holder will ceaseto hold: | ||
12. Date on which proxy holder will cease to holdvoting rights: | ||
13. Additional information: | THE ACQUISITION COMPRISED AN ISSUE OF SHARES TO REGAL TRUSTEES LIMITED BY THE ISSUER AS ANNOUNCED BY THE ISSUER ON 23 MARCH 2017. | |
14. Contact name: | Sam Hill, Stonehage Flemming | |
15. Contact telephone number: | 00 44 1534 8013 093 | |
For further information:
Science in Sport PLC | +44 (0) 20 7400 3700 |
Stephen Moon, CEO | |
Elizabeth Lake, Finance Director | |
Cenkos Securities - NOMAD and Broker |
+44 (0) 20 7397 8900 |
Bobbie Hilliam
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