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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Purecircle Limited | LSE:PURE | London | Ordinary Share | BMG7300G1096 | ORD USD0.10 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 99.50 | 99.40 | 99.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPURE
RNS Number : 0558W
PureCircle Limited
04 November 2014
PURECIRCLE LIMITED
("PureCircle" or the "Company")
INCREASE IN PRIVATE PLACEMENT
PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia, today announces the additional placing of 2.5 million new ordinary shares in the Company ("the Increased Placing") at a price of GBP5.50 per share. The Increased Placing has been undertaken in response to strong investor demand for shares following the Company's Placing announcement on 21 October 2014. Following completion of the initial placing (announced 21 October 2014) and the Increased Placing, the Company will have issued a total of 5 million new ordinary shares for a total consideration of GBP27.5 million (US$44 million). The total proceeds will enable the Company to expand the supply chain capacity in the China and Malaysia facilities, expand the plantations in Kenya and Paraguay, invest in the development of new sweetener technology and build finished goods inventory in anticipation of increasing sales demand. The Increased Placing is expected to complete on or around 10 November 2014 and the Company has no present intention to issue any new shares after the completion.
Details of the Increased Placing
The Increased Placing shares will, when issued and duly paid, rank pari passu in all respects with the existing ordinary shares in the share capital of the Company.
The Increased Placing will be completed upon receipt of funds, expected to be finalized on or around 10 November 2014. Upon completion of the Increased Placing (and including completion of the initial placing as announced 21 October 2014), the total ordinary shares on issue by the Company (which includes treasury shares) will increase to 169,866,294. Correspondingly, the total number of voting rights will increase to 169,737,430; this figure should be used by shareholders as the denominator in the calculation of their interest in the Company.
Application will be made for admission of the Placing Shares for trading on AIM ("Admission") and Admission is expected to take place on or around 10 November 2014.
Notifiable interests
Following completion of the Increased Placing, the amended significant shareholdings in the Company will comprise:-
Name Number of Shares Number of % Shareholding taken in Increased Shares Placing ----------------------------- -------------------- ----------- --------------- Wang Tak Company Limited(1) 658,500 42,063,390 24.8% ----------------------------- -------------------- ----------- --------------- Olam International Limited - 30,544,609 18.0% ----------------------------- -------------------- ----------- --------------- Magomet Malsagov (Executive Director of PureCircle)(2) - 14,866,912 8.8% ----------------------------- -------------------- ----------- --------------- Half Moon Bay Capital Limited - 13,268,724 7.8% ----------------------------- -------------------- ----------- --------------- Asian Investment Management Services Ltd. and related parties - 9,559,314 5.6% ----------------------------- -------------------- ----------- --------------- Swire Beverages Holdings Ltd. - 5,800,000 3.4% ----------------------------- -------------------- ----------- ---------------
1. Wang Tak Company Limited ("Wang Tak") holds 40,816,037 of these shares and Mr. Tan Boon Seng and spouse hold 1,247,353. Mr. Tan is a director of Wang Tak (a company wholly owned by Lee Hing Development Limited where he is a substantial shareholder).
2. 14,855,612 held directly and 11,300 held indirectly by his spouse.
4 November 2014
Enquiries:
PureCircle Limited (www.purecircle.com) Magomet Malsagov - CEO +60 1 2388 8049 William Mitchell - CFO +44 7974 005163 RFC Ambrian Limited (NOMAD) Stephen Allen +61 8 9480 2500
NOTES TO EDITORS
PureCircle is the global leader in production and marketing of stevia ingredients. PureCircle leads the industry with development of a vertically integrated, sustainable and natural supply chain. Stevia is grown for PureCircle across South America, Africa, Asia and the United States where it provides a sustainable cash crop for farming communities. As part of the company's proprietary Stevia 3.0 TM portfolio, PureCircle has developed a broad range of ingredient solutions and has pioneered such ingredients as Reb A, SG95, and breakthrough ingredients such as PureCircle Alpha, Reb D, Reb M as well as PureCircle Flavors. PureCircle also established joint venture partnerships with sugar industry leaders to innovatively combine stevia and sugar for natural sweetening solutions and locally support customers. These global partnerships include Tereos PureCircle Solutions, with Tereos and NPSweet A/S with Nordzucker, in Europe. As part of its industry leadership, PureCircle pioneered the trust mark Stevia PureCircle(R), which educates consumers about the benefits of stevia and provides a strong base of trust for both consumers and food and beverage companies alike. The company also founded The Global Stevia Institute, (www.globalsteviainstitute.com ) the leading resource for accurate, science-based information on stevia led by a global advisory board of internationally recognized health professionals. PureCircle's global headquarters are in Kuala Lumpur, Malaysia. PureCircle is listed on the London Stock Exchange AiM market under the ticker symbol: PURE. For more information on PureCircle, visit: www.purecircle.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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