Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Grant of Options and Movement of Treasury Shares

19th Sep 2014 07:00

RNS Number : 0888S
PureCircle Limited
19 September 2014
 



PureCircle Limited

("PureCircle" or "the Company")

 

Grant of Long Term Incentive Plan ("LTIP") Options

and

Movement of Treasury Shares

 

 

PureCircle (LSE: PURE), the world's largest producer and marketer of high purity stevia ingredients provides an update on new options issued under the Company's LTIP, as well as a movement of treasury shares.

 

1) Options granted to certain employees, including Executive Directors

 

On 8 October 2013, the Company announced it had granted FY2014 options to certain employees including the Executive Directors, subject to the Company meeting certain performance conditions. This 2014 review process has now been finalised and PureCircle confirms that it has consequently issued an additional 74,076 options under the LTIP for FY2014 to employees and Executive Directors based on the achievement of certain performance conditions, with 10,025 of these options being granted to Executive Directors. All of these options may vest on 30 June 2016 at nil exercise price.

 

Following the above awards, the interests of the Executive Directors in the Company are as below:-

 

New Options Granted

Director

Number of shares held

Number of options held previously

Additional FY2014

Total current options held

Mr M Malsagov (Executive)

14,855,612

686,640

5,336

691,976

Mr W Mitchell (Executive)

910,890*

529,170

4,689

533,859

*908,945 held directly and 1,945 held indirectly through his wife

 

 

2) Movement in treasury shares

 

15,423 ordinary shares were transferred out from treasury on 19 September 2014 to satisfy the exercise of options granted to an employee under the terms of the Company's LTIP.

 

Following the said transfer, the balance of treasury shares is 128,864. The total ordinary shares (which includes the treasury shares) remains unchanged at 164,866,294, however the number of voting rights in the Company has increased to 164,737,430. This figure of 164,737,430 should be used by shareholders as the denominator in the calculation of their interest in the Company.

 

19 September 2014

 

For more information:

PureCircle Limited (www.purecircle.com)

Magomet Malsagov, CEO

+60 3 2166 2206

William Mitchell, CFO

+44 7974 005 163

RFC Ambrian Limited (NOMAD)

+61 8 9480 2500

Stephen Allen

 

 

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
 
 
RDSGXGDCRDBBGSC

Related Shares:

PURE.L
FTSE 100 Latest
Value8,275.66
Change0.00