21st Jun 2019 07:00
Board Update
PureCircle (LSE: PURE), the world's leading producer and innovator of stevia sweeteners, in accordance with Listing Rule 9.6.11(3), announces that Ms. Rosemarie S. Andolino, currently an independent non-executive director, has accepted the appointment as Advisor to the CEO, which will take effect from 1 July 2019. In her additional role Ms. Andolino will advise the CEO on matters relating to the food services industry, Corporate Social Responsibility, branding, as well as government relations and regulatory matters in the USA. Ms. Andolino remains a non-executive director of the PureCircle Board, but would no longer be "independent" under the UK Corporate Governance Code as a result of Ms. Andolino's additional role
21 June 2019
Enquiries:
Investors/Analysts
Rakesh Sinha, CFO
Email: [email protected] Phone +1 630 827 1515; +60 1232 60005
Media
Emma Kane (Newgate), Media Relations
Email: [email protected] 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 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/Related Shares:
PURE.L