Science in Sport has granted nil cost options under the company's long term incentive plan.
The awards will only vest on the achievement of certain revenue growth targets over the 3 years 2016, 2017 and 2018.
None of the awards can be exercised until post 2018.
Following shareholder feedback the Company continues to be focussed on revenue growth.
The current growth rate for the sports nutrition market is 8%, the share options will be awarded on a sliding scale for revenue growth between 15% and 30% per annum over the next 3 years.
This award replaces the existing 5 year LTIP, the 3 year revenue growth phase of this scheme vested in March 2016, and was then planned to be a profit plan for 2 years thereafter. Following the raising of additional capital in October 2015, the strategy has continued to be focused on revenue growth.
Chairman John Clarke was granted 404,627 options, chief executive Stephen Moon was granted 1,798,342; finance director Elizabeth Lake 597,949; commercial director Ian Houghton 494,544; marketing director Ashley Read 404,627 and general manager Daniel Howarth 353,149
At 4:28pm: (LON:SIS) Science In Sport Plc share price was +3.5p at 73p