Dem nachfolgenden Bericht zufolge haben die jetzt $20Millionen investiert.
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PURECIRCLE LIMITED
http://www.londonstockexchange.com/exchange/news/...cementId=11283918("PureCircle" or the "Company")
PLACING OF £20 MILLION TO SUPPORT ACCELERATED GROWTH
PureCircle (LSE: PURE) the world's largest producer and marketer of high purity stevia today announces the placing of 10,000,000 (ten million) new ordinary shares of the Company (the "Placing Shares") to Wang Tak Company Limited ("Wang Tak") at a price of £2.00 each (the "Placing"), raising £20 million (approximately US$31 million) for the Company, before expenses.
Details of the Placing
The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of the Company.
Following completion of the Placing, the number of shares in issue will increase from 154,566,294 to 164,566,294 (of which 38,142 are currently held by the Company in treasury (in respect of which no voting rights may be exercised)).
Following the subscription Wang Tak will own 19,276,150 (nineteen million, two hundred and seventy six thousand one hundred and fifty) shares in PureCircle Limited, representing 11.7% of the increased share capital of the Company. Under the terms of the subscription agreement, Wang Tak has agreed to a three year "lock-up" agreement for the ten million Placing Shares.
The Board of PureCircle will invite a representative of Wang Tak to be appointed a Non-Executive Director of the Company at Completion.
Application has been made for admission of the Placing Shares to trading on AIM ("Admission") on the above conditions.
Purpose of the Placing and Use of proceeds
Assuming that Admission occurs, the Placing will raise £20 million (approximately US$31 million) for the Company, before expenses. The net proceeds of the Placing will be used for working capital to support growth, further strengthening of the Group's supply chain and to reduce net debt.
Commenting on the Placing, the Company's Chairman, Paul Selway-Swift, said "We are delighted to have secured the support of such a quality long term investor as Wang Tak Company Limited. They share our vision for the development of high purity stevia into a mainstream global ingredient industry and they have the resources and long term investment perspectives to help support our ambitions."
Commenting on the Placing, the Company's CEO, Magomet Malsagov, said "The usage of high purity stevia continues to grow strongly after the opening of the EU market and the important carbonated soft drink category is beginning to adopt high purity stevia into mega brands. We are determined to maintain our position at the forefront of the stevia industry as its growth accelerates. Funding from the Placing will help support that growth."