Science in Sport in AIM share placing
Science in Sport is seeking to raise £15 million via a share placing on AIM. The proceeds are to be used to fund development in online distribution in the US and the football market. CEO Stephen Moon said "Science in Sport has quickly gown to become a leader in endurance sports nutrition for elite athletes, but our ambition is to capture a much bigger market share and to expand internationally beyond our now profitable core business." He added "The US market and football present highly compelling growth opportunities and the new funds will allow us to implement our plans to increase our position and brand awareness in these markets, as well as invest in the development of our eCommerce platform."