Australia and New Zealand Approve High Purity Reb-A for Use in Food and Beverage Production
10.10.2008PureCircle today announces that the Australian and New Zealand Regulatory Authority ("FSANZ") has given approval for steviol glycosides (Reb-A) to be used as a mainstream food and beverage ("F&B") ingredient in those countries.
PureCircle is the world's exclusive supplier of high purity Reb-A, the all natural zero calorie sweetener, under the PureVia™ brand.
PureVia™ Reb-A is increasingly seen by the world's largest F&B producers as a viable complement to sugar in mainstream F&B production and the approval therefore represents a major step forwards for PureCircle.
Commenting on the FSANZ approval, Magomet Malsagov, Chief Executive of PureCircle said:
"This is great news and reinforces our belief that we will soon see similar approvals in the United States, the world's largest market, and in Europe, where Switzerland has already taken the lead in giving the go-ahead for PureVia™ Reb-A to be used in mainstream F&B production."
"Consumers are demanding a natural and healthy solution to the global obesity epidemic and other health issues resulting from high sugar usage. As an all-natural and calorie-free product, PureVia™ Reb-A is seen as providing that solution."
Enquires:
PureCircle
Magamet Malsagov, Chief Executive, +601 2 388 8049
William Mitchell, Finance Director, +44 7974 005 163
Peter Milsted, Sales & Marketing, +33 6 2184 5356
College Hill
Mark Garraway or Robert Pugsley +44 20 7457 2020
RFC Corporate Finance Ltd (NOMAD)
Stephen Allen +618 9480 2500
10 October 2008
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PureCircle is the world's exclusive supplier of high purity Reb-A, the all natural zero calorie sweetener, under the PureVia™ brand.
PureVia™ Reb-A is increasingly seen by the world's largest F&B producers as a viable complement to sugar in mainstream F&B production and the approval therefore represents a major step forwards for PureCircle.
Commenting on the FSANZ approval, Magomet Malsagov, Chief Executive of PureCircle said:
"This is great news and reinforces our belief that we will soon see similar approvals in the United States, the world's largest market, and in Europe, where Switzerland has already taken the lead in giving the go-ahead for PureVia™ Reb-A to be used in mainstream F&B production."
"Consumers are demanding a natural and healthy solution to the global obesity epidemic and other health issues resulting from high sugar usage. As an all-natural and calorie-free product, PureVia™ Reb-A is seen as providing that solution."
Enquires:
PureCircle
Magamet Malsagov, Chief Executive, +601 2 388 8049
William Mitchell, Finance Director, +44 7974 005 163
Peter Milsted, Sales & Marketing, +33 6 2184 5356
College Hill
Mark Garraway or Robert Pugsley +44 20 7457 2020
RFC Corporate Finance Ltd (NOMAD)
Stephen Allen +618 9480 2500
10 October 2008
Change of Accounting Period and Notification of Revised Results Announcement Date
22.08.2008PureCircle announces that it is to change its year-end from the current 31 December to 30 June. This change is to bring the Company's financial reporting cycle into line with the Company's principal operating activities, particularly its major sales contracts and the buying season for stevia leaf, its primary raw material.
As recently announced, the Company has been successful in securing significant new multi-year sales contracts. These and the Company's other major sales contracts now all run on a 1 July to 30 June basis. On the supply side, over 80% of global supply of stevia leaf is currently sourced from China. The China stevia leaf harvest is intensely seasonal with buying starting from early July. Inventories are at their lowest at end June. The Company's next results are for the six month period to 30 June 2008.
Thereafter the first full year results will be for the year from 1 July 2008 to 30 June 2009. The Company had previously advised that the (unaudited) interim results would be announced on 17 September 2008. As 30 June 2008 will now constitute an accounting period end, the results for the six months to 30 June 2008 will now require a full audit. Consequently the Company has decided to defer the announcement date to Wednesday 15 October 2008* in order to enable the audit to take place.
The interim results for the six months ended 31 December 2008 will be released in March 2009.
22 August 2008
* A presentation for analysts will take place that morning at 09.30 at the offices of College Hill, The Registry, Royal Mint Court, London EC3N 4QN
Enquiries:
PureCircle Tel: +44 7974 005 163 , William Mitchell, Finance Director
College Hill Tel: +44 20 7457 2020 , Mark Garraway
RFC Corporate Finance (NOMAD) Tel: +61 8 9480 2500 , Steve Allen
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As recently announced, the Company has been successful in securing significant new multi-year sales contracts. These and the Company's other major sales contracts now all run on a 1 July to 30 June basis. On the supply side, over 80% of global supply of stevia leaf is currently sourced from China. The China stevia leaf harvest is intensely seasonal with buying starting from early July. Inventories are at their lowest at end June. The Company's next results are for the six month period to 30 June 2008.
Thereafter the first full year results will be for the year from 1 July 2008 to 30 June 2009. The Company had previously advised that the (unaudited) interim results would be announced on 17 September 2008. As 30 June 2008 will now constitute an accounting period end, the results for the six months to 30 June 2008 will now require a full audit. Consequently the Company has decided to defer the announcement date to Wednesday 15 October 2008* in order to enable the audit to take place.
The interim results for the six months ended 31 December 2008 will be released in March 2009.
22 August 2008
* A presentation for analysts will take place that morning at 09.30 at the offices of College Hill, The Registry, Royal Mint Court, London EC3N 4QN
Enquiries:
PureCircle Tel: +44 7974 005 163 , William Mitchell, Finance Director
College Hill Tel: +44 20 7457 2020 , Mark Garraway
RFC Corporate Finance (NOMAD) Tel: +61 8 9480 2500 , Steve Allen
Major contracts with Pepsico and Whole Earth to supply Rebaudioside-A (Reb-A) and exclusive license to market Reb-A under the Pu
31.07.2008Pepsico and Whole Earth introduce all natural, zero calorie sweetener with PureCircle sourced Reb-A
The Board of PureCircle announces that it has signed substantial, long-term contracts with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia™ brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia™ brand in certain categories. PureCircle will be entitled to all profits (including sub-licensing fees) related to this exclusive licensing agreement.
PureCircle will continue to be free to sell the non-branded ingredient to all customers across all categories and geographies.
The announcement, from PepsiCo and Whole Earth Sweetener Company , states that PureVia™ will debut in a new nutritionally-enhanced PepsiCo beverage called “SoBe Life,” to be launched in Latin America, starting with Peru. PureViaTM will be available initially in three SoBe Life flavour blends: Tropical-Pomegranate, Strawberry-Kiwi and Orange-Tangerine.
Meanwhile, PureVia™ tabletop sweetener will launch in the United States this autumn, before expanding into drink and food products around the world.
Commenting on the contract award, Magomet Malsagov, Managing Director of PureCircle, said:
“PureCircle has worked extremely hard to build a capability which can support leading food and beverage manufacturers, such as PepsiCo and Whole Earth, in bringing natural, healthy products to consumers on a worldwide basis. These contracts are an important sign of confidence in PureCircle’s capabilities to deliver high quality, consistently-pure Reb-A. We look forward to further developments in this exciting market, which we believe will herald a new era in natural sweetening and engender higher expectations on product taste and delivery among consumers.”
Enquiries
PureCircle +60 3 2093 9333
Magomet Malsagov, Managing Director
William Mitchell, Group Finance Director
College Hill +44 20 7457 2020
Mark Garraway
Robert Pugsley
RFC Corporate Finance (Nomad) +61 8 9480 2500
Stephen Allen
For more information about PureVia™ tabletop sweetener and food and beverages containing PureVia™ visit http://www.purevia.com/.
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world’s largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo’s commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability.
For more information, please visit http://www.pepsico.com/
About Whole Earth Sweetener Company
Whole Earth Sweetener Company is committed to providing natural alternatives to sugar and to helping people eat better and live healthier, more fulfilling lives. The company actively supports and is involved in simple and sustainable farming – the best method for promoting agriculture and protecting the environment and farm workers. Formed in 2006, Whole Earth Sweetener Company launched its first sweetener brand, Sweet Simplicity®, in 2007, and the company continues to develop a vertically integrated business that will bring products that are perfectly sweet and perfectly natural from the farm to consumers. Whole Earth Sweetener Company is a wholly owned subsidiary of Merisant Company, the maker of Equal® and Canderel® and a global leader in the manufacture, marketing and distribution of tabletop sweeteners with sales in over 90 countries.
For more information, visit http://www.wholeearthsweetenercompany.com/
31 July 2008
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The Board of PureCircle announces that it has signed substantial, long-term contracts with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia™ brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia™ brand in certain categories. PureCircle will be entitled to all profits (including sub-licensing fees) related to this exclusive licensing agreement.
PureCircle will continue to be free to sell the non-branded ingredient to all customers across all categories and geographies.
The announcement, from PepsiCo and Whole Earth Sweetener Company , states that PureVia™ will debut in a new nutritionally-enhanced PepsiCo beverage called “SoBe Life,” to be launched in Latin America, starting with Peru. PureViaTM will be available initially in three SoBe Life flavour blends: Tropical-Pomegranate, Strawberry-Kiwi and Orange-Tangerine.
Meanwhile, PureVia™ tabletop sweetener will launch in the United States this autumn, before expanding into drink and food products around the world.
Commenting on the contract award, Magomet Malsagov, Managing Director of PureCircle, said:
“PureCircle has worked extremely hard to build a capability which can support leading food and beverage manufacturers, such as PepsiCo and Whole Earth, in bringing natural, healthy products to consumers on a worldwide basis. These contracts are an important sign of confidence in PureCircle’s capabilities to deliver high quality, consistently-pure Reb-A. We look forward to further developments in this exciting market, which we believe will herald a new era in natural sweetening and engender higher expectations on product taste and delivery among consumers.”
Enquiries
PureCircle +60 3 2093 9333
Magomet Malsagov, Managing Director
William Mitchell, Group Finance Director
College Hill +44 20 7457 2020
Mark Garraway
Robert Pugsley
RFC Corporate Finance (Nomad) +61 8 9480 2500
Stephen Allen
For more information about PureVia™ tabletop sweetener and food and beverages containing PureVia™ visit http://www.purevia.com/.
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world’s largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo’s commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability.
For more information, please visit http://www.pepsico.com/
About Whole Earth Sweetener Company
Whole Earth Sweetener Company is committed to providing natural alternatives to sugar and to helping people eat better and live healthier, more fulfilling lives. The company actively supports and is involved in simple and sustainable farming – the best method for promoting agriculture and protecting the environment and farm workers. Formed in 2006, Whole Earth Sweetener Company launched its first sweetener brand, Sweet Simplicity®, in 2007, and the company continues to develop a vertically integrated business that will bring products that are perfectly sweet and perfectly natural from the farm to consumers. Whole Earth Sweetener Company is a wholly owned subsidiary of Merisant Company, the maker of Equal® and Canderel® and a global leader in the manufacture, marketing and distribution of tabletop sweeteners with sales in over 90 countries.
For more information, visit http://www.wholeearthsweetenercompany.com/
31 July 2008
Major contracts with Pepsico and Whole Earth to supply Rebaudioside-A (Reb-A) and exclusive license to market Reb-A under the Pu
31.07.2008Pepsico and Whole Earth introduce all natural, zero calorie sweetener with PureCircle sourced Reb-A
The Board of PureCircle announces that it has signed substantial, long-term contracts with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia™ brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia™ brand in certain categories. PureCircle will be entitled to all profits (including sub-licensing fees) related to this exclusive licensing agreement.
PureCircle will continue to be free to sell the non-branded ingredient to all customers across all categories and geographies.
The announcement, from PepsiCo and Whole Earth Sweetener Company , states that PureVia™ will debut in a new nutritionally-enhanced PepsiCo beverage called “SoBe Life,” to be launched in Latin America, starting with Peru. PureViaTM will be available initially in three SoBe Life flavour blends: Tropical-Pomegranate, Strawberry-Kiwi and Orange-Tangerine.
Meanwhile, PureVia™ tabletop sweetener will launch in the United States this autumn, before expanding into drink and food products around the world.
Commenting on the contract award, Magomet Malsagov, Managing Director of PureCircle, said:
“PureCircle has worked extremely hard to build a capability which can support leading food and beverage manufacturers, such as PepsiCo and Whole Earth, in bringing natural, healthy products to consumers on a worldwide basis. These contracts are an important sign of confidence in PureCircle’s capabilities to deliver high quality, consistently-pure Reb-A. We look forward to further developments in this exciting market, which we believe will herald a new era in natural sweetening and engender higher expectations on product taste and delivery among consumers.”
Enquiries
PureCircle +60 3 2093 9333
Magomet Malsagov, Managing Director
William Mitchell, Group Finance Director
College Hill +44 20 7457 2020
Mark Garraway
Robert Pugsley
RFC Corporate Finance (Nomad) +61 8 9480 2500
Stephen Allen
For more information about PureVia™ tabletop sweetener and food and beverages containing PureVia™ visit http://www.purevia.com/.
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world’s largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo’s commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability.
For more information, please visit http://www.pepsico.com/
About Whole Earth Sweetener Company
Whole Earth Sweetener Company is committed to providing natural alternatives to sugar and to helping people eat better and live healthier, more fulfilling lives. The company actively supports and is involved in simple and sustainable farming – the best method for promoting agriculture and protecting the environment and farm workers. Formed in 2006, Whole Earth Sweetener Company launched its first sweetener brand, Sweet Simplicity®, in 2007, and the company continues to develop a vertically integrated business that will bring products that are perfectly sweet and perfectly natural from the farm to consumers. Whole Earth Sweetener Company is a wholly owned subsidiary of Merisant Company, the maker of Equal® and Canderel® and a global leader in the manufacture, marketing and distribution of tabletop sweeteners with sales in over 90 countries.
For more information, visit http://www.wholeearthsweetenercompany.com/
31 July 2008
Expand
Collapse
The Board of PureCircle announces that it has signed substantial, long-term contracts with PepsiCo and Whole Earth Sweetener Company for the supply of high purity Reb-A for use in beverages and tabletop sweeteners worldwide under the PureVia™ brand. In addition, PepsiCo and Whole Earth will grant PureCircle an exclusive license to market Reb-A under the PureVia™ brand in certain categories. PureCircle will be entitled to all profits (including sub-licensing fees) related to this exclusive licensing agreement.
PureCircle will continue to be free to sell the non-branded ingredient to all customers across all categories and geographies.
The announcement, from PepsiCo and Whole Earth Sweetener Company , states that PureVia™ will debut in a new nutritionally-enhanced PepsiCo beverage called “SoBe Life,” to be launched in Latin America, starting with Peru. PureViaTM will be available initially in three SoBe Life flavour blends: Tropical-Pomegranate, Strawberry-Kiwi and Orange-Tangerine.
Meanwhile, PureVia™ tabletop sweetener will launch in the United States this autumn, before expanding into drink and food products around the world.
Commenting on the contract award, Magomet Malsagov, Managing Director of PureCircle, said:
“PureCircle has worked extremely hard to build a capability which can support leading food and beverage manufacturers, such as PepsiCo and Whole Earth, in bringing natural, healthy products to consumers on a worldwide basis. These contracts are an important sign of confidence in PureCircle’s capabilities to deliver high quality, consistently-pure Reb-A. We look forward to further developments in this exciting market, which we believe will herald a new era in natural sweetening and engender higher expectations on product taste and delivery among consumers.”
Enquiries
PureCircle +60 3 2093 9333
Magomet Malsagov, Managing Director
William Mitchell, Group Finance Director
College Hill +44 20 7457 2020
Mark Garraway
Robert Pugsley
RFC Corporate Finance (Nomad) +61 8 9480 2500
Stephen Allen
For more information about PureVia™ tabletop sweetener and food and beverages containing PureVia™ visit http://www.purevia.com/.
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world’s largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo’s commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability.
For more information, please visit http://www.pepsico.com/
About Whole Earth Sweetener Company
Whole Earth Sweetener Company is committed to providing natural alternatives to sugar and to helping people eat better and live healthier, more fulfilling lives. The company actively supports and is involved in simple and sustainable farming – the best method for promoting agriculture and protecting the environment and farm workers. Formed in 2006, Whole Earth Sweetener Company launched its first sweetener brand, Sweet Simplicity®, in 2007, and the company continues to develop a vertically integrated business that will bring products that are perfectly sweet and perfectly natural from the farm to consumers. Whole Earth Sweetener Company is a wholly owned subsidiary of Merisant Company, the maker of Equal® and Canderel® and a global leader in the manufacture, marketing and distribution of tabletop sweeteners with sales in over 90 countries.
For more information, visit http://www.wholeearthsweetenercompany.com/
31 July 2008
Regulatory submissions and notification of interim results
21.07.2008PureCircle notes a number of recent moves which could expedite the adoption of Rebaudioside-A (“Reb-A”) as an approved food and beverage ingredient in key markets.
First, submissions to the Food & Drug Administration in the United States have been made by various consumer products manufacturers to obtain Generally Recognised As Safe (“GRAS”) clearance for Reb-A to be used as a food and beverage ingredient in that country. The process to obtain GRAS status is expected to take about six months, although there can be no guarantee that GRAS clearance will ultimately be obtained.
Separately, the Joint FAO/WHO Expert Committee on Food Additives (“JECFA”) convened in June to consider and evaluate various steviol glycosides, including high purity Reb-A, and set permanent Acceptable Daily Intake (“ADI”) levels.
The Company will provide further updates to the market when GRAS clearance is obtained.
PureCircle also advises that it will be announcing its interim results for the six months ended 30 June 2008 on 17 September 2008. A presentation for analysts, which will include an update on general business developments, will take place that morning at 09.30 at the offices of College Hill.
21 July 2008
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First, submissions to the Food & Drug Administration in the United States have been made by various consumer products manufacturers to obtain Generally Recognised As Safe (“GRAS”) clearance for Reb-A to be used as a food and beverage ingredient in that country. The process to obtain GRAS status is expected to take about six months, although there can be no guarantee that GRAS clearance will ultimately be obtained.
Separately, the Joint FAO/WHO Expert Committee on Food Additives (“JECFA”) convened in June to consider and evaluate various steviol glycosides, including high purity Reb-A, and set permanent Acceptable Daily Intake (“ADI”) levels.
The Company will provide further updates to the market when GRAS clearance is obtained.
PureCircle also advises that it will be announcing its interim results for the six months ended 30 June 2008 on 17 September 2008. A presentation for analysts, which will include an update on general business developments, will take place that morning at 09.30 at the offices of College Hill.
21 July 2008
Dealings in Shares
02.07.2008
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PureCircle has been notified of the following purchase of shares by a Director on 1 July 2008 after the Company’s announcement of same date:
Director Number of shares purchased Price per share - Mr Olivier Maes 80,000 - £2.03
2 July 2008
