PureCircle Limited Options Granted To and Exercised by Directors (4399L)

TIDMPURE

RNS Number : 4399L

PureCircle Limited

04 July 2014

PURECIRCLE LIMITED

("PureCircle" or "the Company")

Options Granted To and Exercised by Directors

PureCircle (LSE: PURE), the world's largest 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 6,100 ordinary shares out from treasury on 4 July 2014 to satisfy the exercise of these options.

Options granted and exercised by certain Non-Executive Directors' ("NEDs")

(a) 11,750 options have been granted in lieu of fees for the period from 1 July 2014 to 31 December 2014. These options have an exercise price of GBP6.04 per share, calculated based on 20 days volume weighted average price ("VWAP") to 30 June 2014 and shall vest on 1 January 2015; and

(b) 6,100 options previously issued in lieu of fees for the period from 1 January 2014 to 30 June 2014 were exercised on 3 July 2014 at the price of GBP4.78 per share (based on 20 day VWAP to 31 December 2013).

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

 
                             Last notified               Current movements             Current interest 
------------------  -------------------------------  -------------------------  ------------------------------ 
 Director            Shares held       Options        New options    Options      Options     Shares currently 
                      previously    held previously     granted      exercised    currently         held 
                                                                                    held 
------------------  ------------  -----------------  ------------  -----------  -----------  ----------------- 
 Mr P Lai 
  (Non-Executive)        191,400              3,200         4,360      (3,200)        4,360            194,600 
------------------  ------------  -----------------  ------------  -----------  -----------  ----------------- 
 Mr O Maes 
  (Non-Executive)        408,410              2,900         4,110      (2,900)        4,110            411,310 
------------------  ------------  -----------------  ------------  -----------  -----------  ----------------- 
 Mr C Pratt 
  (Non-Executive)        686,916                Nil         3,280          Nil        3,280           686,916* 
------------------  ------------  -----------------  ------------  -----------  -----------  ----------------- 
 Total                 1,286,726              6,100        11,750      (6,100)       11,750          1,292,826 
------------------  ------------  -----------------  ------------  -----------  -----------  -----------------

* held indirectly through Apollo Operations 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 164,866,294 of which 144,287 are held as treasury shares. The number of voting rights in the Company is 164,722,007. 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.

4 July 2014

 
 For more information: 
 PureCircle Limited (www.purecircle.com) 
 Magomet Malsagov, CEO                      +603 2166 2206 
 William Mitchell, CFO                      +44 7974 005 163 
 
 RFC Ambrian Ltd (NOMAD)                    +61 8 9480 2500 
 Stephen Allen

NOTES TO EDITORS

PureCircle is the global leader in production and marketing of high purity 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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