PureCircle Limited Grant of Options and Movement of Treasury Shares (1134C)

TIDMPURE

RNS Number : 1134C

PureCircle Limited

14 January 2015

PURECIRCLE LIMITED

("PureCircle" or "the Company")

Options Granted To and Exercised by Directors

PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia ingredients, provides an update of new options granted to and exercised by certain Directors, as well as the transfer of 11,750 ordinary shares out from treasury on 14 January 2015 to satisfy the exercise of these options.

   1)     Options granted to certain employees and Executive Directors 

On 14 January 2015, the Company granted a total of 709,894 options to employees and Executive Directors of PureCircle. These options may vest on 30 June 2017 at nil exercise price, subject to performance conditions.

   2)     Options granted to and exercised by certain Non-Executive Directors 

(a) 9,990 options have been granted in lieu of fees for the period from 1 January 2015 to 30 June 2015. These options have an exercise price of GBP5.53 per share, calculated based on the 20-day volume weighted average price ("VWAP") to 31 December 2014 and shall vest on 1 July 2015; and

(b) 11,750 options previously issued in lieu of fees for the period from 1 July 2014 to 31 December 2014 were exercised on 14 January 2015 at the price of GBP6.04 per share (based on the 20-day VWAP to 30 June 2014).

The interests held by the relevant Directors following the above movements in options and shares are tabled below:-

 
                             Last notified              Current movements             Current interest 
-------------------  -----------------------------  -------------------------  ------------------------------ 
 Director              Shares held    Options held    Options     New options   Shares currently    Options 
                        previously     previously     exercised     granted           held          currently 
                                                                                                      held 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr M Malsagov 
  (Executive)         14,866,912(1)        691,976          Nil       106,714      14,866,912(1)      798,690 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr W Mitchell 
  (Executive)            924,540(2)        533,859          Nil        44,000         924,540(2)      577,859 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr P Lai 
  (Non-Executive)           200,100          4,360      (4,360)         5,140            204,460        5,140 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr O Maes 
  (Non-Executive)           418,510          4,110      (4,110)         4,850            422,620        4,850 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr C Pratt 
  (Non-Executive)        692,416(3)          3,280      (3,280)           Nil         695,696(3)          Nil 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Mr P Selway-Swift 
  (Non-Executive)        207,800(4)            Nil          Nil           Nil         207,800(4)          Nil 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 Total                   17,310,278      1,237,585     (11,750)       160,704         17,322,028    1,386,539 
-------------------  --------------  -------------  -----------  ------------  -----------------  ----------- 
 

(1) 11,300 held indirectly via his spouse

(2) 2,470 held indirectly via his spouse

(3) all held indirectly via The CDP 2014 Trust

(4) all held indirectly via HSBC Trustee (Jersey) Ltd

Shares issued upon option conversion were taken from treasury shares. Following the said transfer, the total number of issued ordinary shares in the Company is 169,866,294 of which 117,114 are held as treasury shares. The number of voting rights in the Company is 169,749,180. This figure should be used by shareholders as the denominator in the calculation of their interest in the Company.

The shares to be released from treasury have already been admitted to trading on AIM and no further application is necessary.

14 January 2015

 
 For more information: 
 
 PureCircle Limited (www.purecircle.com) 
 Magomet Malsagov, CEO                      [phone] 
 William Mitchell, CFO                      [phone] 
 
 RFC Ambrian Ltd (NOMAD)                    [phone] 
 Stephen Allen 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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