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PureCircle Limited (PURE)

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Friday 11 January, 2019

PureCircle Limited

PDMR Notification

RNS Number : 8779M
PureCircle Limited
11 January 2019
 

PureCircle Limited (the "Company")

 

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Rakesh Sinha

2

Reason for the notification

a)

Position/status:

Chief Financial Officer

b)

Initial notification /Amendment:

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

PureCircle Limited

b)

LEI

213800K2PU757HGDAW11 

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Restricted Stock Units ("RSUs") over Ordinary Shares of US$0.10 each in the capital of PureCircle Limited

 

BMG7300G1096

b)

Nature of the transaction

Grant of provisional RSUs, under the Long-Term Incentive Plan ("LTIP")

Subject to the terms of the Company's LTIP and achievement of certain group sales targets, the final RSUs (between 0% and 100% of the provisional RSUs), will vest equally on 1 November over the next four years beginning 2019.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

 

 

87,340

 

d)

Aggregated information

- Aggregated volume

- Price

 

87,340 RSUs

Nil

e)

Date of the transaction

2019-01-10

f)

Place of the transaction

Outside trading venue

 

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have also been satisfied.

 

Name of officer of issuer responsible for making notification: Kan Siew Mei

 

Date of Notification: 11 January 2019


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