28 Sep 2012 07:00
PURECIRCLE LIMITED
("PureCircle" or "the Company")
Announcement of New Agreements
PureCircle Limited (the "Company") (www.purecircle.com), the world's leading producer and marketer of high purity stevia ingredients, announces that it has entered into two interdependent agreements with The Coca-Cola Company ("TCCC").
The first is a joint development agreement which allows for the continued joint investigation and development of a stevia sweetener product as a commercially viable food ingredient. The second agreement is an ingredient supply agreement where the Company is appointed the supplier of certain stevia products ("Products"). The agreement establishes a framework pursuant to which TCCC shall, based on its requirements, purchase the Products from the Company at prices to be agreed between the parties, subject to pre-agreed pricing parameters, for a 5-year period.
We do not expect either agreement to have a significant impact on the Company's short term revenues or earnings. Barring any unforeseen circumstances, it is expected that they may have a positive impact beyond that.
28 September 2012
For more information: | |
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 |