PureCircle Limited PDMR Notification (8781M)

TIDMPURE

RNS Number : 8781M

PureCircle Limited

11 January 2019

PureCircle Limited (the "Company")

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                     Magomet Malsagov 
     ------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status:          Chief Executive Officer 
     ------------------------  ----------------------------------------------- 
 b)   Initial notification      Initial notification 
       /Amendment: 
     ------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                      PureCircle Limited 
     ------------------------  ----------------------------------------------- 
 b)   LEI                       213800K2PU757HGDAW11 
     ------------------------  ----------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------- 
 a)   Description of            Restricted Stock Units ("RSUs") over Ordinary 
       the financial             Shares of US$0.10 each in the capital 
       instrument, type          of PureCircle Limited 
       of instrument 
       Identification            BMG7300G1096 
       code 
     ------------------------  ----------------------------------------------- 
 b)   Nature of the             Grant of provisional RSUs, under the Long-Term 
       transaction               Incentive Plan ("LTIP") 
                                 Subject to the terms of the Company's 
                                 LTIP and achievement of certain group 
                                 sales targets, the final RSUs (between 
                                 0% and 100% of the provisional RSUs), 
                                 will vest equally on 1 November over the 
                                 next four years beginning 2019. 
     ------------------------  ----------------------------------------------- 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s) 
                                    Nil         183,487 
                                              ---------- 
     ------------------------  ----------------------------------------------- 
 d)   Aggregated information 
       - Aggregated               183,487 RSUs 
       volume                     Nil 
       - Price 
     ------------------------  ----------------------------------------------- 
 e)   Date of the transaction   2019-01-10 
     ------------------------  ----------------------------------------------- 
 f)   Place of the              Outside trading venue 
       transaction 
     ------------------------  ----------------------------------------------- 
 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have also been satisfied.

Name of officer of issuer responsible for making notification: Kan Siew Mei

Date of Notification: 11 January 2019

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January 11, 2019 04:20 ET (09:20 GMT)