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PureCircle Limited (PURE)

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Thursday 12 December, 2019

PureCircle Limited

Board and Management Changes

RNS Number : 7247W
PureCircle Limited
12 December 2019
 

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Board and Management Changes

 

 

PureCircle (LSE: PURE), the world's leading producer and innovator of great-tasting stevia sweeteners for the global food and beverage industry announces Board and management changes.

 

Mr. John Gibney and Mr. Mitch Adamek have resigned from their positions as Non-Executive Directors with immediate effect. The Chairman would like to thank Mr. Gibney and Mr. Adamek for their services to the Company and wish them well going forward.

 

Further to the Company's announcements dated 12 November 2019 (RNS Number 1622T) and 22 November 2019 (RNS Number 4222U), Rakesh Sinha will cease to be Chief Financial Officer of PureCircle with immediate effect.

 

 

 

 

 

12 December 2019

 

Enquiries:

 

Investors/Analysts

 

John Slosar, Chairman and Interim CEO

Phone: +603 2166 2206

 

Newgate Communications, Media Relations

Elisabeth Cowell

Giles Croot

Email: [email protected]

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 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.

§  Stevia has strong environmental benefits when compared to sugar requiring  less water, less land area and having a lower carbon footprint.

§  For more information on the science of stevia, please visit https://www.purecirclesteviainstitute.com/  

 

 


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