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Wang Tak doubles stake in PureCircle

Wed, 01st Aug 2012 10:38

Wang Tak has virtually doubled its stake in PureCircle, the high purity stevia products firm, earning it representation on the UK company's board.PureCircle placed 10m new ordinary shares with Wang Tak at 200p each. That bumped up Wang Tak's stake in PureCircle to 11.7% from 6.0%. PureCircle will invite a representative of Wang Tak to be appointed a Non-Executive Director of the company. The share placing will raise £20m before expenses. The proceeds will boost working capital to support growth, the further strengthening of the group's supply chain and to reduce net debt.PureCircle Chairman, Paul Selway-Swift, said: "We are delighted to have secured the support of such a quality long term investor as Wang Tak. They share our vision for the development of high purity stevia into a mainstream global ingredient industry and they have the resources and long term investment perspectives to help support our ambitions."PureCircle, which makes sweeteners based on the stevia herb, left a sour taste in investors' mouths in early July as it admitted sales in the second half of its financial year had been below expectations.That prompted a dip in the share price but steady stake building by Wang Tak since April of 2012 has put a floor under the price of the shares. The share price had risen 2.94% to 192.50p by 10:44.NR
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1 Nov 2016 08:53

PureCircle unveils Gary Juncosa as COO

(ShareCast News) - High-purity stevia ingredients producer PureCircle announced the appointment of Gary Juncosa as chief operating officer on Tuesday, with immediate effect. The London-listed company said in the role, Juncosa will report to the CEO, Magomet Malsagov, and will be driving the optimisa

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20 Sep 2016 11:01

PureCircle shares down as sales and earnings rise

(ShareCast News) - Producer and marketer of high purity stevia ingredients PureCircle provided the market with its results statement for the year to 30 June on Tuesday, with sales up 9% to $138.6m, and gross margins improving to 57% from 40.3% in the year to 30 June 2015. Operating profit was up an

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13 Jul 2016 15:26

DIRECTOR DEALINGS: New PureCircle CFO Sinha Buys Shares

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12 Jul 2016 06:51

PureCircle Chief Operating Officer Jordi Ferre Resigns

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6 Jul 2016 07:01

PureCircle Notes Strong Sales As New Malaysia-Based CFO Installed

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29 Jun 2016 08:42

PureCircle's stevia imports released by the US

(ShareCast News) - PureCircle, a stevia sweetner producer, said on Wednesday its shipments which were detained by US customs and border protection (CBP) at the beginning of June have been released. The company said that it will "work actively with the CBP to effect a full resolution of the issue for

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29 Jun 2016 07:09

PureCircle Says US Customs & Border Protection Release Shipments

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2 Jun 2016 12:06

PureCircle warns on profit amid US border dispute over stevia

(ShareCast News) - PureCircle's shares are down almost 13% after it warned its full-year sales and profit could be hurt by a US border authorities' detention order affecting its stevia shipments. US Customs and Border Protection (CBP) has issued the order based on an allegation the shipments contain

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2 Jun 2016 08:02

BUZZ-PureCircle: U.S. impounds co's low-calorie sweetener

** Sweetener maker PureCircle's shares down 12 pct pct, worst day since listing last October, after the U.S. seizes low-calorie sweetener stevia imported from China ** U.S. Customs and Border Protection says it obtained information that stevia was produced by convict labour ** PureCir

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2 Jun 2016 07:52

PureCircle Says Detention Order On US Shipments Could Hit Profit

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18 Apr 2016 10:20

DIRECTOR DEALINGS: Purecircle Senior Manager Sells Shares

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5 Apr 2016 07:03

PureCircle Says Improving Margins To Offset "Uneven" Sales Growth

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4 Apr 2016 08:20

PureCircle Appoints Former Britvic Finance Chief To Board

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21 Mar 2016 11:50

DIRECTOR DEALINGS: PureCircle Executive Sells 5,000 Shares

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18 Mar 2016 19:11

CORRECTED-UK sugary drink tax could be sweet for food ingredient suppliers

(Removes incorrect reference to sugar in paragraph 10) * Two-year delay seen as chance to amend recipes * PureCircle, Tate & Lyle, Kerry Group likely beneficiaries * Soft drink makers already open to changing formulas By Martinne Geller LONDON, March 18 (Reuters) - T

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