Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEden Regulatory News (EDEN)

Share Price Information for Eden (EDEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.35
Bid: 4.20
Ask: 4.50
Change: -0.30 (-6.45%)
Spread: 0.30 (7.143%)
Open: 4.65
High: 4.65
Low: 4.30
Prev. Close: 4.65
EDEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AGM Statement

10 Jun 2015 07:00

RNS Number : 6997P
Eden Research plc
10 June 2015
 



 

Eden Research plc

("Eden" or "Company")

 

AGM Statement

 

Eden Research Plc (AIM: EDEN), the AIM-listed natural micro-encapsulation company, will hold its Annual General Meeting today at 12pm at The Four Pillars Hotel, Ducklington Lane, Witney, OX28 4EX.

 

Following the formal proceedings of the meeting the Chairman, Tom Lupton, will make the following statement:

 

I am delighted to report that since the publication of the 2014 Annual Report and Accounts we have been able to announce the EU approval of our first agrochemical product, 3AEY.

 

Our shareholders know that the process that we have gone through to achieve this key milestone has been lengthy and not without issue and, as such, is a momentous achievement for the Company. The EU has one of the toughest regulatory regimes in the world and one of the very few that requires manufacturers to demonstrate product efficacy in addition to safety.

 

The EU approval paves the way for sales in France, Spain, Italy, Greece, Portugal and the Balkans, a list that includes three of the top five grape producing countries worldwide.

 

The potential for sales of 3AEY through our existing licensees (Sumi-Agro France, Sipcam and Redestos) is significant in Europe alone, but the opportunity is even more valuable when markets outside of the EU, such as the US and South America, are considered and we are making progress in arranging commercial terms with new licensees in these regions.

 

The approval of 3AEY also provides comfort to our other partners, such as Eastman who have the exclusive option on our nematicide product, that our safe, effective and commercially viable products meet the high standards set by the EU regulatory process.

 

Moving forward, we expect to see further agrochemical products being developed and commercialised for use in a wider range of crops; to further develop co-encapsulation using existing actives substances with our GO-E technology; to see product sales in the animal health sector through our licensee, Bayer Animal Health; to enter into agreements in other areas such as food ingredients and flavourings, cosmetics, nutraceuticals and human health.

 

We believe we are well placed to realise the commercial potential of our technology.

 

After twenty years of service with Eden, we are saying goodbye to Ken Brooks, Non-executive Director, who has stepped down from the Board today. Ken has been instrumental in the running of the Company and has provided invaluable support and advice over the years which has helped Eden to become what it is today. We are very grateful to him and wish him well for the future.

 

Over the last year we have strengthened our management team with the appointment of Sean Smith as CEO, and we are delighted to have Rob Cridland join the Board as Non-executive Director. We intend to strengthen our team further over the next year.

 

In addition, Sean Smith, Chief Executive Officer, will provide shareholders with a short background presentation on the Company's technology and business model. The presentation is available on the Company website here:

www.edenresearch.com/html/group_profile/presentation.asp

 

 

Enquiries:

 

Eden Research plc

www.edenresearch.com

Sean Smith, Chief Executive Officer

Tel: 01285 359 555

Alex Abrey, Chief Financial Officer

W H Ireland Limited

www.wh-ireland.co.uk

John Wakefield / Ed Allsopp

Tel: 0117 945 3471

Walbrook PR Ltd

Tel: 020 7933 8780 or eden@walbrookpr.com

Paul McManus

Mob: 07980 541 893

Lianne Cawthorne

Mob: 07584 391 303

 

 

Notes:

 

Eden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products.

 

Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

 

Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.

 

With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.

 

The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.

 

Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.

 

For more information about Eden, please visit www.edenresearch.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGMFLMRTMBAMBTA
Date   Source Headline
24th Sep 20187:00 amRNSHalf-year Report
13th Jul 201810:23 amRNSDirector/PDMR Shareholding
21st Jun 20184:44 pmRNSResult of AGM
21st Jun 20187:00 amRNSAGM Statement
19th Jun 20187:00 amRNSDirector/PDMR Shareholding
14th Jun 20187:00 amRNSRegulatory Progress Update
30th May 20182:30 pmRNSPosting of Annual Report & Notice of AGM
10th May 20185:04 pmRNSDirector/PDMR Shareholding
8th May 20187:00 amRNSExercise of Options
20th Mar 20187:00 amRNSPreliminary results
11th Jan 20187:00 amRNSYear-end Trading Statement
12th Dec 20177:00 amRNSRegulatory Progress Update
29th Sep 201711:15 amRNSHalf-year Report - Replacement
29th Sep 20177:30 amRNSAdoption of New LTIP and Grant of Awards
29th Sep 20177:01 amRNSBoard Changes
29th Sep 20177:00 amRNSHalf-year Report
25th Sep 20177:00 amRNSApproval of MevaloneT in Portugal
1st Sep 20177:00 amRNSNotice of Results
30th Jun 20175:14 pmRNSHolding(s) in Company
30th Jun 201712:29 pmRNSResult of AGM
30th Jun 20177:43 amRNSAGM Statement
30th Jun 20177:39 amRNSCompletion of Placing & Subscription
30th Jun 20177:00 amRNSSipcam agreements, investment and proposed placing
29th Jun 20179:43 amRNSNew terms agreed with UMMS
5th Jun 20173:14 pmRNSPosting of Annual Report & Notice of AGM
22nd May 20177:00 amRNSFinal Results
11th May 20179:00 amRNSEden Research on BBC Radio 4's You & Yours
29th Mar 20177:00 amRNSExtension of patent protection in Greece
8th Mar 20172:40 pmRNSVoting Rights, Warrants and Options Outstanding
23rd Jan 20172:00 pmRNSPrice Monitoring Extension
23rd Jan 20177:00 amRNSFungicide product approved for sale in France
21st Dec 20167:01 amRNSTrading update
21st Dec 20167:00 amRNSEastman commercialisation agreement for nematicide
27th Sep 20167:00 amRNSHalf-year Report
28th Jun 201612:28 pmRNSResult of AGM
28th Jun 20167:00 amRNSAGM Statement
15th Jun 20167:00 amRNSLabel extensions for 3AEY in Spain and Greece
7th Jun 20167:00 amRNSPosting of Annual Report & Notice of AGM
26th May 20163:36 pmRNSDirector/PDMR Shareholding
24th May 20167:00 amRNSFinal Results
11th Apr 20169:31 amRNSHolding(s) in Company
30th Mar 20167:00 amRNSPlacing to raise £2.6m
22nd Feb 20167:00 amRNSApproval of 3AEY in Spain
11th Feb 20167:00 amRNSApproval of 3AEY in Italy
10th Feb 20167:00 amRNSFirst shipment of MevaloneT (3AEY) to Greece
21st Jan 20167:00 amRNSExercise of options
14th Jan 20167:00 amRNSFurther progress with EU product approvals
16th Nov 20157:00 amRNSKenya approval & first commercial-scale order
26th Oct 20157:00 amRNSAppointment of Nominated Adviser and Broker
24th Sep 20157:00 amRNSCollaboration and Licence Agreement Signed

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.