13 Jul 2017 08:31
PureCircle Limited
Appointment of Director - Correction
PureCircle (LSE: PURE), the world's leading producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry, announces a correction to its Appointment of Director announcement published on 22 June 2017 at 7.00 am under RNS No 8155I. In the original announcement, the number of shares held by Mr John Slosar was given as 1,471,202. This has been corrected to 1,671,202.
All other details remain unchanged.
The full corrected announcement is given below.
Appointment of Director
PureCircle (LSE: PURE), the world's leading producer and innovator of great-tasting stevia sweeteners for the global beverage and food industry, is pleased to announce the appointment of Mr. John Slosar as an Independent Non-Executive Director with effect from 1 July 2017.
Mr Slosar, aged 60, is Chairman of Cathay Pacific Airways Limited, John Swire & Sons (H.K.) Limited, Swire Pacific Limited, Swire Properties Limited and Hong Kong Aircraft Engineering Company Limited. He is also a Director of The Hongkong and Shanghai Banking Corporation Limited and Air China Limited. He joined the Swire group in 1980 and has worked with the Swire group in Hong Kong, the United States and Thailand.
He is a graduate of both Columbia University and Cambridge University.
Commenting on the appointment of John Slosar, the Chairman Paul Selway-Swift said:
"John was a director of PureCircle from 2007 to 2014 when other business commitments led him to retire from our board. We are delighted that he is now able to return to the board which I am sure will benefit from his experience and knowledge as it has in the past."
A list of Mr. Slosar's directorships over the past five years is included as an appendix below.
No other information is required to be disclosed as required under LR 9.6.13 of the Listing Rules.
As at 22 June 2017, Mr Slosar has confirmed that he holds 1,671,202 shares in PureCircle Limited.
13 July 2017
Enquiries:
Investors/Analysts
Rakesh Sinha, CFO
Email: Rakesh.sinha@purecircle.com
Media
Emma Kane (Redleaf), Media Relations
Email: media@purecircle.com Phone: +44 (0)20 7382 4747
Notes to Editors
About PureCircle
§ PureCircle is the only company that combines advanced R&D with full vertical integration from farm to high-quality, great-tasting innovative stevia sweeteners.
§ The Company collaborates with farmers who grow the stevia plants and with food and beverage companies which seek to improve their low- and no-calorie formulations using a sweetener from plants.
§ PureCircle will continue to: lead in research, development and innovation; produce a growing supply of multiple varieties of stevia sweeteners with sugar-like taste, using all necessary and appropriate methods of production; and be a resource and innovation partner for food and beverage companies.
§ PureCircle stevia flavor modifiers work in synergy with sweeteners to improve the taste, mouthfeel and calorie profile, and enhance the cost effectiveness, of beverage and food products.
§ Founded in 2002, PureCircle is continually investing in breakthrough research and development and it currently has 72 stevia-related approved patents and 200 pending.
§ PureCircle has offices around the world with the global headquarters in Kuala Lumpur, Malaysia.
§ To meet growing demand for stevia sweeteners, PureCircle is rapidly ramping up its supply capability. It recently completed the expansion of its Malaysian stevia extract facility, increasing its capacity to supply the newer and great-tasting specialty stevia sweeteners and helping provide ever-increasing value to its customers.
§ PureCircle's shares are listed on the main market of the London Stock Exchange.
§ For more information, visit: www.purecircle.com
About stevia
§ Given the growing global concerns about obesity and diabetes, beverage and food companies are working responsibly to reduce sugar and calories in their products, responding to both consumers and health and wellness advocates. Sweeteners from the stevia plant offer sugar-like taste and are becoming an increasingly important tool for these companies.
§ Like sugar, stevia sweeteners are from plants. But unlike sugar, they enable low-calorie and zero-calorie formulations of beverages and foods.
§ Stevia leaf extract is a natural-based, zero calorie, high-intensity sweetener, used by global food and beverage companies as a great-tasting zero-calorie alternative to sugar and artificial sweeteners.
§ Stevia is a naturally sweet plant native to South America; today, it is grown around the world, notably in Kenya, China and the US.
§ The sweet-tasting parts of the stevia leaf are up to 400 times sweeter than sugar: stevia's high-intensity sweetness means it requires far less water and land than sugar.
§ Research has shown that the molecules of the stevia leaf are present and unchanged in the dried stevia leaf, through the commercial extraction and purification process, and in the final stevia leaf extract product. All major global regulatory organisations, across 65 countries, have approved the use of high-purity stevia leaf extracts in food and beverages.
§ For more information on the science of stevia, please visit http://globalsteviainstitute.com
Appendix - Directorships held by Mr Slosar in other publicly quoted companies
Current Directorships | Ceased Directorships in the past 5 years |
Air China Limited | PureCircle Limited (stepped down in March 2014) |
Cathay Pacific Airways Limited | |
Hong Kong Aircraft Engineering Company Limited | |
Swire Pacific Limited | |
Swire Properties Limited | |
The Hongkong and Shanghai Banking Corporation Limited (a wholly owned subsidiary of HSBC Holdings Plc) |