PureCircle Limited Grant of Options and Movement of Treasury Shares (1134C)
14 January 2015 - 6:00PM
UK Regulatory
TIDMPURE
RNS Number : 1134C
PureCircle Limited
14 January 2015
PURECIRCLE LIMITED
("PureCircle" or "the Company")
Options Granted To and Exercised by Directors
PureCircle (LSE: PURE), the world's leading producer and
marketer of high purity stevia ingredients, provides an update of
new options granted to and exercised by certain Directors, as well
as the transfer of 11,750 ordinary shares out from treasury on 14
January 2015 to satisfy the exercise of these options.
1) Options granted to certain employees and Executive Directors
On 14 January 2015, the Company granted a total of 709,894
options to employees and Executive Directors of PureCircle. These
options may vest on 30 June 2017 at nil exercise price, subject to
performance conditions.
2) Options granted to and exercised by certain Non-Executive Directors
(a) 9,990 options have been granted in lieu of fees for the
period from 1 January 2015 to 30 June 2015. These options have an
exercise price of GBP5.53 per share, calculated based on the 20-day
volume weighted average price ("VWAP") to 31 December 2014 and
shall vest on 1 July 2015; and
(b) 11,750 options previously issued in lieu of fees for the
period from 1 July 2014 to 31 December 2014 were exercised on 14
January 2015 at the price of GBP6.04 per share (based on the 20-day
VWAP to 30 June 2014).
The interests held by the relevant Directors following the above
movements in options and shares are tabled below:-
Last notified Current movements Current interest
------------------- ----------------------------- ------------------------- ------------------------------
Director Shares held Options held Options New options Shares currently Options
previously previously exercised granted held currently
held
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr M Malsagov
(Executive) 14,866,912(1) 691,976 Nil 106,714 14,866,912(1) 798,690
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr W Mitchell
(Executive) 924,540(2) 533,859 Nil 44,000 924,540(2) 577,859
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr P Lai
(Non-Executive) 200,100 4,360 (4,360) 5,140 204,460 5,140
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr O Maes
(Non-Executive) 418,510 4,110 (4,110) 4,850 422,620 4,850
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr C Pratt
(Non-Executive) 692,416(3) 3,280 (3,280) Nil 695,696(3) Nil
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Mr P Selway-Swift
(Non-Executive) 207,800(4) Nil Nil Nil 207,800(4) Nil
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
Total 17,310,278 1,237,585 (11,750) 160,704 17,322,028 1,386,539
------------------- -------------- ------------- ----------- ------------ ----------------- -----------
(1) 11,300 held indirectly via his spouse
(2) 2,470 held indirectly via his spouse
(3) all held indirectly via The CDP 2014 Trust
(4) all held indirectly via HSBC Trustee (Jersey) Ltd
Shares issued upon option conversion were taken from treasury
shares. Following the said transfer, the total number of issued
ordinary shares in the Company is 169,866,294 of which 117,114 are
held as treasury shares. The number of voting rights in the Company
is 169,749,180. This figure should be used by shareholders as the
denominator in the calculation of their interest in the
Company.
The shares to be released from treasury have already been
admitted to trading on AIM and no further application is
necessary.
14 January 2015
For more information:
PureCircle Limited (www.purecircle.com)
Magomet Malsagov, CEO +603 2166 2206
William Mitchell, CFO +44 7974 005 163
RFC Ambrian Ltd (NOMAD) +61 8 9480 2500
Stephen Allen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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