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PureCircle raises ?26m as it looks to accelerate growth

Wed, 15th May 2019 13:53

(Sharecast News) - PureCircle has raised more than £26m through a share placing, as it looks to expand its product portfolio and ramp up growth.PureCircle, which produces stevia-based sweeteners for the food and drinks industry, said it raised gross proceeds before expenses of £26.6m after placing 9,500,000 new ordinary shares at £2.80 per share. The placing shares represent around 5.4% of the company's existing issued ordinary share capital.The company said on Tuesday, when it announced the placing, that it wanted to "fully capitalise on opportunities within its existing customer base as well as new opportunities, which have been advanced as stevia adoption grows".In particular, the funds will be used to upgrade current manufacturing capabilities, and to scale up and expand next generation sweeteners such as Reb M. Other uses will include ongoing research and development, and for marketing.Shares in PureCircle, which has its main offices in Kuala Lumper and Chicago but is listed in London, rose 6% to 276p by 1330 BST.
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29 Oct 2009 08:51

PureCircle enters New Zealand

PureCircle, which makes natural sweeteners from the Stevia plant, announced that the drinks firm Frucor is to launch its Revive Supplement Water, which contains PureCircle's Reb A product, in New Zealand. 'We are delighted to be associated with Frucor in this important launch for the category which

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23 Sep 2009 17:05

London close: Footsie dips into the red

A late swoon saw London's blue-chip index give up the gains of the morning to close marginally lower on the day, as investors banked profits ahead of the Federal Reserve's decision this evening on US interest rates and its quantitative easing (QE) programme. The morning's gains had been achieved on

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23 Sep 2009 14:01

London afternoon: Footsie nears intra-day high

The market's climb regained momentum over the lunchtime session. Investors have been put in the mood to buy by the prospect of the Bank of England increasing its quantitative easing programme some time in the future. The minutes to the most recent meeting of the Bank of England's Monetary Policy co

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23 Sep 2009 11:55

London midday: Market rises despite cash calls

The market is off the top but still in positive territory, despite a flood of fund raising announcements this morning. Property group Liberty International shares have been hit by a placing today of up to 56.1m new shares, increasing its shares in issue by just under 10%. The fund raising comes l

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23 Sep 2009 08:12

PureCircle posts sweet profit as demand soars

PureCircle, which supplies sweeteners made from the extracts of leaves from the stevia plant to soft drinks giants such as Coca-Cola and Pepsico, posted a sharp rise in profits as demand for its product soared. Pre-tax profits in the year to June 30 climbed to £11.4m from £2.3m over the same period

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8 Jul 2009 15:36

London afternoon: Downward drift continues

The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne

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8 Jul 2009 12:02

London midday: Footsie still flat

On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c

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8 Jul 2009 07:51

Big customer wins sweeten Pure Circle sales

Pure Circle, the maker of high intensity sweeteners used in a range of well known soft drinks, expects to report an 85% jump in sales in 2009 after gaining several high profile customers. The firm expects revenues of $62m, compared with $33m the previous year, with volume sales of its Reb A sweeten

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