PURE Purecircle Limited

TIDMPURE

RNS Number : 6797J

PureCircle Limited

10 April 2015

PURECIRCLE LIMITED

("PureCircle" or "the Company")

Exercise of Options and Movement of Treasury Shares

PureCircle (LSE: PURE), the world's leading producer and marketer of high purity stevia ingredients announces that on 10 April 2015 it transferred 86,414 ordinary shares out from treasury shares to satisfy the exercise of options granted under the terms of the Company's Long Term Incentive Plan.

Out of the 86,414 ordinary shares, a total of 30,000 ordinary shares was transferred to Magomet Malsagov, an Executive Director, as a result of options exercised by him for a total consideration of GBP47,400. These options, previously granted in April 2008 to key management including Executive Directors, has an exercise price of GBP1.58 per share and expiry date of 16 April 2015.

The interest held by the Executive Director, following the option exercise is:-

 
                             Last notified                 Current movements             Current interest 
---------------  ------------------------------------  -------------------------  ------------------------------ 
 Director              Shares            Options         Options     New options   Shares currently    Options 
                   held previously    held previously    exercised     granted           held          currently 
                                                                                                         held 
---------------  -----------------  -----------------  -----------  ------------  -----------------  ----------- 
 Mr M Malsagov 
  (Executive)        14,866,912(1)            798,690       30,000           N/A      14,896,912(1)      768,690 
---------------  -----------------  -----------------  -----------  ------------  -----------------  ----------- 
 

(1) 11,300 held indirectly via his spouse

Following the said transfer, the balance of treasury shares is 30,700. The total ordinary shares (which includes the treasury shares) remains unchanged at 169,866,294, however the number of voting rights in the Company has increased to 169,835,594. This figure of 169,835,594 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.

10 April 2015

 
 Enquiries: 
 
 PureCircle Limited (www.purecircle.com) 
 Magomet Malsagov, CEO                      +60 3 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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