The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

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: 4.75
Bid: 4.50
Ask: 5.00
Change: -0.10 (-2.06%)
Spread: 0.50 (11.111%)
Open: 4.75
High: 4.75
Low: 4.75
Prev. Close: 4.85
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

26 Jun 2014 12:37

RNS Number : 6465K
Eden Research plc
26 June 2014
 



Eden Research Plc

("Eden" or "Company")

 

AGM Statement

 

Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, held its Annual General Meeting today at mid-day at The Four Pillars Hotel, Ducklington Lane, Witney OX28 4EX.

 

Following the formal proceedings of the meeting, at which all resolutions were duly passed, the Chairman, Tom Lupton, made the following statement:

 

"In the recently published 2013 Eden Report and Accounts, I gave shareholders a detailed update of the Company's development and trading position. I do not propose to repeat this at great length, however I would like to highlight certain key points which I feel, show that Eden is developing into a commercially successful business.

 

3AEY

"EU approval for the active substances in our first plant protection product, the terpene based fungicide 3AEY, was granted in May 2013 and we expect to complete the EU regulatory process this year. This means that we are less than a year away from 'off the shelf' products being approved. This will allow sales of 3AEY to begin through our licensing partners and, we hope, will provide sustained long term revenues.

 

Encapsulation

"Eden has branded its unique, natural encapsulation technology as GO-E Insideâ„¢, which will enable us to build brand recognition and form a basis for all future products developed by Eden and its partners. The first sales of products using GO-E Insideâ„¢ have been made by our licensee, TerpeneTech Limited. This is clearly a significant milestone and will result in royalties being paid to Eden.

 

Outlook

"The short-term picture is that of increasing revenues and deal flow. The Board plans to reorganise the business to maximise the value of our intellectual property portfolio. This will give Eden a clearer focus and allow us to strengthen the management team to address the challenges faced in the wide range of sectors where our encapsulation technology may be utilised.

 

"From what I have said to you here, as well as in the Chairman's Report, you will hopefully see that there is a lot happening at Eden. Our aim is to make Eden a leader in natural encapsulation technologies and for GO-E Insideâ„¢ to become a globally recognised brand. I believe that we now have a very firm foundation upon which to achieve this."

 

Eden Research plc

www.edenresearch.com

Clive Newitt, Managing Director

Tel: 01993 862 761

Alex Abrey, Chief Financial Officer

W H Ireland Limited

www.wh-ireland.co.uk

John Wakefield

Tel: 0117 945 3471

Walbrook PR Ltd

Tel: 020 7933 8780 or eden@walbrookpr.com

Paul McManus

Mob: 07980 541 893

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
 
 
AGMFFMBTMBJTBAI
Date   Source Headline
24th Jun 202012:20 pmRNSResult of AGM
29th May 20207:58 amRNSIssuing of Annual Report & Notice of AGM
27th May 20207:00 amRNSUpdate on Bayer Animal Health Agreement
20th May 20207:00 amRNSNew authorisations for Cedroz and Mevalone
7th May 20207:00 amRNSFinancial Results for Year Ended 31 December 2019
6th May 20205:09 pmRNSNotice of Results
15th Apr 20207:00 amRNSAppointment of Director of Regulatory Affairs
8th Apr 202010:03 amRNSOrganic farming certification in Italy and Spain
24th Mar 20208:20 amRNSHolding(s) in Company
20th Mar 20205:33 pmRNSHolding(s) in Company
20th Mar 20203:37 pmRNSHolding(s) in Company
20th Mar 202010:33 amRNSHolding(s) in Company
18th Mar 202011:18 amRNSResults of General Meeting & Open Offer
5th Mar 20207:00 amRNSDirector/PDMR Shareholding
28th Feb 20201:35 pmRNSPlacing, Subscription & Open Offer
20th Jan 20207:00 amRNSAppointment of Hawthorn Advisors
14th Jan 20207:00 amRNSYear-end trading update
8th Jan 20207:00 amRNSAgreement with Corteva Agriscience
7th Jan 20207:00 amRNSRegulatory Approval- Organic Production Regulation
23rd Dec 20197:00 amRNSAgreement with Sipcam Oxon in Portugal and Benelux
19th Dec 20197:00 amRNSApproval of Cedroz in Mexico
17th Dec 20197:00 amRNSDistribution Agreement with SumiAgro Europe
16th Oct 201912:48 pmRNSDirector/PDMR Shareholding
16th Oct 20197:00 amRNSCedroz Approval
18th Sep 20197:00 amRNSHalf Yearly Report
29th Jul 20197:00 amRNSGrant of 'Emergency use' authorisation
8th Jul 20197:00 amRNSChange of Adviser
28th Jun 20192:42 pmRNSReplacement - Grant of Awards
28th Jun 201911:43 amRNSGrant of Awards under Long-Term Incentive Plan
28th Jun 20197:00 amRNSDirector/PDMR Shareholding
12th Jun 20197:00 amRNSAppointment of Commercial Director
15th May 20198:10 amRNSResult of AGM
14th May 20197:00 amRNSAGM Statement
9th May 20197:00 amRNSSales of Cedroz commence in Italy
26th Apr 20197:00 amRNSItaly grants "emergency use" Cedroz authorisation
16th Apr 201912:43 pmRNSDirector/PDMR Shareholding
16th Apr 20197:00 amRNSIssuing of Annual Report & Notice of AGM
2nd Apr 20197:00 amRNSFinancial Results for Year Ended 31 December 2018
5th Mar 20192:05 pmRNSSecond Price Monitoring Extn
5th Mar 20192:00 pmRNSPrice Monitoring Extension
20th Feb 20197:00 amRNSEU Product Authorisation - Cedroz
15th Jan 20197:00 amRNSYear-end trading update
20th Dec 20187:00 amRNSSipcam exercises Option for distribution
5th Dec 20188:00 amRNSHolding(s) in Company
5th Dec 20188:00 amRNSHolding(s) in Company
30th Nov 20188:30 amRNSHolding(s) in Company
13th Nov 20187:00 amRNSEastman highly commended at Agrow Awards
15th Oct 20187:00 amRNSSipcam agreement for Australia and New Zealand
10th Oct 20189:00 amRNSPrice Monitoring Extension
10th Oct 20187:00 amRNSApproval of TerpeneTech head-lice product

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.