Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPURE.L Regulatory News (PURE)

  • There is currently no data for PURE

Increase in Private Placement

4 Nov 2014 07:00

RNS Number : 0558W
PureCircle Limited
04 November 2014
 



PURECIRCLE LIMITED

("PureCircle" or the "Company")

INCREASE IN PRIVATE PLACEMENT

PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia, today announces the additional placing of 2.5 million new ordinary shares in the Company ("the Increased Placing") at a price of £5.50 per share. The Increased Placing has been undertaken in response to strong investor demand for shares following the Company's Placing announcement on 21 October 2014. Following completion of the initial placing (announced 21 October 2014) and the Increased Placing, the Company will have issued a total of 5 million new ordinary shares for a total consideration of £27.5 million (US$44 million). The total proceeds will enable the Company to expand the supply chain capacity in the China and Malaysia facilities, expand the plantations in Kenya and Paraguay, invest in the development of new sweetener technology and build finished goods inventory in anticipation of increasing sales demand. The Increased Placing is expected to complete on or around 10 November 2014 and the Company has no present intention to issue any new shares after the completion.

 

Details of the Increased Placing

 

The Increased Placing shares will, when issued and duly paid, rank pari passu in all respects with the existing ordinary shares in the share capital of the Company.

 

The Increased Placing will be completed upon receipt of funds, expected to be finalized on or around 10 November 2014. Upon completion of the Increased Placing (and including completion of the initial placing as announced 21 October 2014), the total ordinary shares on issue by the Company (which includes treasury shares) will increase to 169,866,294. Correspondingly, the total number of voting rights will increase to 169,737,430; this figure should be used by shareholders as the denominator in the calculation of their interest in the Company.

 

Application will be made for admission of the Placing Shares for trading on AIM ("Admission") and Admission is expected to take place on or around 10 November 2014.

 

Notifiable interests

 

Following completion of the Increased Placing, the amended significant shareholdings in the Company will comprise:-

 

Name

Number of Shares taken in Increased Placing

Number of Shares

% Shareholding

Wang Tak Company Limited1

658,500

42,063,390

24.8%

Olam International Limited

-

30,544,609

18.0%

Magomet Malsagov (Executive Director of PureCircle)2

-

14,866,912

8.8%

Half Moon Bay Capital Limited

-

13,268,724

7.8%

Asian Investment Management Services Ltd. and related parties

-

9,559,314

5.6%

Swire Beverages Holdings Ltd.

-

5,800,000

3.4%

1. Wang Tak Company Limited ("Wang Tak") holds 40,816,037 of these shares and Mr. Tan Boon Seng and spouse hold 1,247,353. Mr. Tan is a director of Wang Tak (a company wholly owned by Lee Hing Development Limited where he is a substantial shareholder).

 

2. 14,855,612 held directly and 11,300 held indirectly by his spouse.

 

4 November 2014

 

Enquiries:

PureCircle Limited (www.purecircle.com)

Magomet Malsagov - CEO

William Mitchell - CFO 

 

+60 1 2388 8049

+44 7974 005163

 

RFC Ambrian Limited (NOMAD)

Stephen Allen

 

+61 8 9480 2500

NOTES TO EDITORS

PureCircle is the global leader in production and marketing of stevia ingredients. PureCircle leads the industry with development of a vertically integrated, sustainable and natural supply chain. Stevia is grown for PureCircle across South America, Africa, Asia and the United States where it provides a sustainable cash crop for farming communities. As part of the company's proprietary Stevia 3.0 TM portfolio, PureCircle has developed a broad range of ingredient solutions and has pioneered such ingredients as Reb A, SG95, and breakthrough ingredients such as PureCircle Alpha, Reb D, Reb M as well as PureCircle Flavors. PureCircle also established joint venture partnerships with sugar industry leaders to innovatively combine stevia and sugar for natural sweetening solutions and locally support customers. These global partnerships include Tereos PureCircle Solutions, with Tereos and NPSweet A/S with Nordzucker, in Europe. As part of its industry leadership, PureCircle pioneered the trust mark Stevia PureCircle®, which educates consumers about the benefits of stevia and provides a strong base of trust for both consumers and food and beverage companies alike. The company also founded The Global Stevia Institute, (www.globalsteviainstitute.com ) the leading resource for accurate, science-based information on stevia led by a global advisory board of internationally recognized health professionals. PureCircle's global headquarters are in Kuala Lumpur, Malaysia. PureCircle is listed on the London Stock Exchange AiM market under the ticker symbol: PURE. For more information on PureCircle, visit: www.purecircle.com.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOEDMMGMDDLGDZG
Date   Source Headline
1st Jul 20205:10 pmRNSScheme of Arrangement becomes Effective
30th Jun 20206:00 pmRNSNew External Auditor Appointment
29th Jun 20205:45 pmRNSChanges in the Board Composition
26th Jun 20206:37 pmRNSCourt sanction of the Scheme
18th Jun 20205:47 pmRNSResults of Court Meeting and General Meeting
18th May 20205:45 pmRNSPublication of Scheme Document
7th May 20209:37 amRNSResults of Adjourned 2019 Annual General Meeting
7th May 20207:00 amRNSDispatch Date for Scheme Document
5th May 20202:31 pmRNSPDMR Notification
1st May 20207:00 amRNSBlock Listing Application
29th Apr 20207:00 amRNSNew Banking Facility
28th Apr 20203:22 pmRNSUpdate on Adjourned 2019 Annual General Meeting
20th Apr 20209:04 amRNSForm 8.3 - PureCircle Limited
20th Apr 20208:50 amRNSForm 8.3 - PureCircle Limited
20th Apr 20208:32 amRNSForm 8 (OPD) (PureCircle Limited)
16th Apr 20203:54 pmRNSForm 8.3 - PureCircle Limited
16th Apr 20203:08 pmRNSForm 8 (OPD) (PureCircle Limited)
16th Apr 20202:43 pmRNSForm 8.3 - PureCircle Limited
16th Apr 20202:40 pmRNSForm 8.3 - PureCircle Limited
16th Apr 20202:35 pmRNSForm 8.3 - PureCircle Limited
16th Apr 20202:30 pmRNSForm 8.3 - PureCircle Limited
15th Apr 20207:30 amRNSRestoration PureCircle Limited
9th Apr 20204:52 pmRNSNotice of Adjourned AGM and Annual Report
9th Apr 20202:07 pmRNSOffer for PureCircle Limited
9th Apr 20201:56 pmRNSUnaudited Interim Results and Trading Update
5th Mar 20207:00 amRNSCompany Update
5th Mar 20207:00 amRNSManagement Changes
19th Feb 20207:00 amRNSUpdate on lending facilities
10th Feb 20201:25 pmRNSResults of AGM and Directorate Change
4th Feb 20202:46 pmRNSCFO appointment effective
28th Jan 20203:45 pmRNSManagement Update
14th Jan 20204:42 pmRNSNotice of AGM and Company Update
3rd Jan 20202:00 pmRNSAppointment of CFO
2nd Jan 20207:00 amRNSBlock Listing Six Monthly Return
31st Dec 201912:15 pmRNSBoard Changes
27th Dec 20192:50 pmRNSManagement and Board Committee Changes
12th Dec 20192:40 pmRNSBoard and Management Changes
22nd Nov 20193:38 pmRNSResignation of a Director
20th Nov 20197:52 amRNSCorrection: Appointment of Directors
18th Nov 20193:42 pmRNSAppointment of Directors
14th Nov 20197:40 amRNSCompany Update
12th Nov 20192:52 pmRNSResignation of Director
28th Oct 20197:48 amRNSSuspension of share listing
25th Oct 20195:23 pmRNSPostponement of results and suspension of listing
23rd Oct 20194:35 pmRNSPrice Monitoring Extension
20th Sep 20194:40 pmRNSSecond Price Monitoring Extn
20th Sep 20194:35 pmRNSPrice Monitoring Extension
20th Sep 20194:15 pmRNSPostponement of Results
22nd Aug 20194:35 pmRNSPrice Monitoring Extension
16th Aug 20197:00 amRNSNotice of Results

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.