Panmure Liberum acts as Nomad and Sole Bookrunner on £8.5m oversubscribed fundraising for Science in Sport plc
We are pleased to announce that Panmure Liberum acted as Nomad and Sole Bookrunner on a Placing and Retail Offer raising £8.5m for Science in Sport plc.
![Sis Science In Sport Limited Logo Vector](/media/2874/sis-science-in-sport-limited-logo-vector.png)
The net proceeds of the capital raising are expected to be used to for investment in inventory to ensure availability of key product groups, for capital expenditure to improve operational efficiency and drive margin improvements, to fund market entry in key geographies and for increased liquidity headroom.
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.
Panmure Liberum Team
Board – Bidhi Bhoma
Investment Banking – Richard Lindley, John More, Anake Singh
Research – Wayne Brown
Sales – Oliver Baxendale, Oliver Houghton, Joel Knight
CIR – Marcio Remedios
Legal – Rebecca Gordon
Settlements – Rob Simpson, Mark Proctor