Science in Sport shareholders approve acquisition by bd-capital

LONDON - Science in Sport plc (SiS), a leading sports nutrition company, announced today that its shareholders have voted in favor of a cash acquisition by Einstein Bidco Limited, a company formed and advised by bd-capital Partners Limited. The transaction is to be completed through a scheme of arrangement under Part 26 of the Companies Act 2006.

The Court Meeting and General Meeting, which took place earlier today, saw the passing of all resolutions necessary for the acquisition, with a significant majority of Scheme Shareholders approving the deal. At the Court Meeting, 90.40% of the Scheme Shares voted were in favor, representing 65.86% of the issued ordinary share capital entitled to vote. The General Meeting also yielded high approval rates for the special resolutions and ordinary resolution concerning the Scheme.

The successful vote meets several conditions outlined in the Scheme Document, dated May 6, 2025, moving the acquisition process forward. The completion of the acquisition remains subject to other conditions, including the Court sanctioning the Scheme at the Court Sanction Hearing scheduled for June 12, 2025.

If the remaining conditions are met, the last day of dealings in SiS Shares is expected to be on June 13, 2025, with the Scheme Record Time set for 6.00 p.m. on the same date. The effective date of the Scheme is anticipated to be June 16, 2025, followed by the cancellation of SiS Shares trading on AIM on June 17, 2025.

The acquisition’s Long Stop Date, the latest date by which the Scheme may become effective, is set for September 6, 2025. Shareholders can expect the despatch of cheques and crediting of CREST for consideration due under the Scheme within 14 days of the effective date.

This milestone follows a series of regulatory and legal processes, ensuring the acquisition adheres to UK market standards and regulations. This announcement, based on a press release statement, marks a significant step in the acquisition process, with further details available on SiS’s website.

Investec (LON:INVP) is acting as a financial adviser to bd-capital and Bidco, while Panmure Liberum serves as the financial adviser and Rule 3 Adviser to SiS. Legal advisers for the acquisition are Addleshaw Goddard LLP for SiS and Stephenson Harwood LLP for bd-capital and Bidco.

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