7 May 2020 09:37
Results of Adjourned 2019 Annual General Meeting
PureCircle (LSE: PURE) (the "Company"), the world's leading producer and innovator of great-tasting stevia sweeteners for the global food and beverage industry, announces the results from its Adjourned 2019 Annual General Meeting ("Adjourned 2019 AGM"), which was held at 4.00 p.m. (UTC+8) on 7 May 2020 at 12th Floor, West Wing, Rohas PureCircle, No. 9, Jalan P. Ramlee, 50250 Kuala Lumpur.
All of the resolutions proposed by the Board were duly passed on a show of hands.
A summary of proxy votes 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 | 74,531,079 | 69,009,205 | 92.59 | 5,521,874 | 7.41 | 379 |
2. | Approve the Director's remuneration report | 74,509,319 | 69,068,231 | 92.70 | 5,441,088 | 7.30 | 22,139 |
3. | Approve the Director's remuneration policy | 74,055,177 | 71,358,195 | 96.36 | 2,696,982 | 3.64 | 476,281 |
4. | Authorise the Directors to conduct the audit tender and to appoint a new auditor forthwith as soon as it is practicable. | 72,658,494 | 72,648,115 | 99.99 | 10,379 | 0.01 | 1,872,964 |
5. | Authorise the Directors to set the remuneration of the auditor | 72,658,395 | 70,015,715 | 96.36 | 2,642,680 | 3.64 | 1,873,063 |
* 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 184,454,951.
A summary of the proxy votes received and a copy of the Notice of 2019 Adjourned AGM are available at http://purecircle.com/investors/shareholder-and-constitutional-documents/
7 May 2020
Enquiries:
Jimmy Lim, CFO
Phone: +6012 326 2908
Alina Slotnik, Vice President of Global Marketing
Email: alina.slotnik@purecircle.com
Phone: +1 (630) 517-0812
Newgate Communications, Media Relations
Elisabeth Cowell
Giles Croot
Email: purecircle@newgatecomms.com
Phone: +44 (0) 20 3757 6880
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 214 stevia-related patents with more than 300 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/