30 Nov 2018 09:35
Results of Annual General Meeting and Retirement of Director
Results of AGM
PureCircle (LSE: PURE), the world's leading producer and innovator of great-tasting stevia sweeteners for the global food and beverage industry, announces that all of the resolutions proposed at the Company's Annual General Meeting held today (30 November 2018) were duly passed on a show of hands.
A summary of proxies received in respect of each resolution is set out below:
No. | Resolution | Votes validly cast | In Favour | Against | Withheld* | ||
No. of votes | No. of votes | % | No. of votes | % | No. of votes | ||
1. | Adopt the Annual Report & Accounts | 42,201,824 | 42,171,987 | 99.93 | 29,837 | 0.07 | 0 |
2. | Approve the Director's Remuneration Report | 42,196,773 | 34,729,695 | 82.30 | 7,467,078 | 17.70 | 5,050 |
3. | Re-appoint PricewaterhouseCoopers LLP as auditors | 42,196,824 | 42,166,987 | 99.93 | 29,837 | 0.07 | 5,000 |
4. | Authorise the Directors to determine the auditors' remuneration | 42,196,825 | 42,193,225 | 99.99 | 3,600 | 0.01 | 5,000 |
5. | Elect Rosemarie S. Andolino as a Director | 42,201,825 | 42,198,225 | 99.99 | 3,600 | 0.01 | 0 |
6. | Elect Ann Marie Scichili as a Director | 42,201,824 | 42,156,248 | 99.89 | 45,576 | 0.11 | 0 |
7. | Re-elect Magomet Malsagov as a Director | 42,196,975 | 42,050,367 | 99.65 | 146,608 | 0.35 | 4,850 |
8. | Re-elect Rakesh Sinha as a Director | 42,201,825 | 42,201,825 | 100.00 | 0 | 0.00 | 0 |
9. | Re-elect John Gibney as a Director | 42,201,824 | 42,188,840 | 99.97 | 12,984 | 0.03 | 0 |
10. | Re-elect Mitch Adamek as a Director | 42,201,824 | 40,767,135 | 96.60 | 1,434,689 | 3.40 | 0 |
11. | Re-elect John Slosar as a Director | 42,201,823 | 35,848,204 | 84.94 | 6,353,619 | 15.06 | 0 |
12. | Re-elect Guy Wollaert as a Director | 42,127,186 | 40,692,497 | 96.59 | 1,434,689 | 3.41 | 74,638 |
13. | Authority to Directors to allot shares | 42,201,825 | 42,011,887 | 99.55 | 189,938 | 0.45 | 0 |
14. | Special Resolution: Authority to the Directors to disapply pre-emptive rights | 42,196,975 | 42,010,917 | 99.56 | 186,058 | 0.44 | 4,850 |
15. | Special Resolution: Authority to the Directors to disapply pre-emptive rights in connection with an acquisition or specified capital investment | 42,201,824 | 41,837,469 | 99.14 | 364,355 | 0.86 | 0 |
* A vote "withheld" is not a vote in law and is therefore not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
The total number of shares in issue (excluding treasury shares) at the record date and time for voting was 174,837,187.
In accordance with LR9.6.2, a copy of the resolutions relating to special business at the Annual General Meeting has today been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.
A summary of the proxy votes received and a copy of the Notice of Annual General Meeting 2018 are available at http://purecircle.com/investors/shareholder-and-constitutional-documents/
Retirement of Director
As previously announced on 18 September 2018, Paul Selway-Swift retired from the Board at the conclusion of the AGM.
30 November 2018
Enquiries:
Investors/Analysts
Rakesh Sinha, CFO
Email: Rakesh.sinha@purecircle.com Phone +1 630 827 1515; +60 1232 60005
Media
Emma Kane (Newgate), Media Relations
Email: media@purecircle.com Phone: +44 (0)20 3757 6888
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 has been granted over 100 stevia-related patents with more than 250 applied for patents pending.
§ PureCircle has offices around the world with the global headquarters in Chicago, Illinois.
§ To meet growing demand for stevia sweeteners, PureCircle is rapidly ramping up its supply capability. It completed expansion of its Malaysian stevia extract facility in March 2017, increasing its capacity to rapidly 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 350 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 https://www.purecirclesteviainstitute.com/