Purecircle

History

PureCircle was founded in 2002 and incorporated into PureCircle Ltd. in 2007. From its inception the company has created and continues to operate a vertically integrated supply chain for high-purity stevia from crop cultivation through extraction, production and final product distribution.

On December 2007, PureCircle made an initial public offering on the Alternative Investment Market (AIM) of the London Stock Exchange to raise US$50M to fund expansion.

Overall PureCircle invested more than $300 million and is leading the industry with the development of a sustainable, vertically integrated supply chain operating in four continents. Across these regions, PureCircle grows stevia plants, and extracts and refines the stevia extract, which translate into a broad range of ingredient solutions for food and beverage manufacturers worldwide.

Throughout its history, the company has worked with various regulatory bodies in different countries to obtain approval for the use of stevia-based sweeteners in foods and beverages. India is the most recent country to lend its approval.

In 2010, the company launched the Global Stevia Institute, an organization that provides science-based information about stevia, serving as an educational resource for health professionals, manufacturers and the general public.

Operations

PureCircle is a leading international producer and marketer of specialty natural ingredients based on high-purity stevia. The company oversees production of stevia in Asia, Africa and the Americas and works with producers to promote the use of sustainable practices at each step of the production and distribution process. PureCircle operates a vertically integrated supply chain, managing its resources from the plant through harvesting, processing and formulation. This focus enables PureCircle to integrate sustainability directly into its business model.

In 2012, PureCircle announced a joint development agreement with the Coca-Cola Co. to investigate new forms of stevia and to provide stevia for future beverage products.

In 2013, the company said it would be providing a new high-purity Rebaudioside sweetener (Reb M) for the production of Coca-Cola Life in the United Kingdom, United States and other countries starting in 2014. In 2015, the company secured a significant regulatory approval with the European Food Safety Authority, concluding Reb M is safe for use as a sweetener in the European Union.

In 2015, the company secured a Premium Listing on the London Stock Exchange Main Market with shares commencing trade on October 28, 2015.

PureCircle has a commercial presence on five continents, including North America, Latin America, Europe, Asia and Africa and five in-market applications laboratories on four continents.

Offices

Corporate Head Office

Other offices located in:

Products

As of 2016, PureCircle has more than 17 proprietary stevia ingredient products designated for use in food or beverage formulations. These stevia ingredients are categorized into product families, including SG95, Reb A, Alpha, Delta and Zeta (which have the  most sugar-like taste), and Matrix Solutions.

Financials

Officers

Magomet Malsagov, founder and CEO

Board of Directors

Paul Selway-Swift, Non-Executive Chairman

Rakesh Sinha, Chief Financial Officer

Peter Lai Hock Meng, Non-Executive Director

Olivier Maes, Non-Executive Director (retired 1 March 2016)

Christopher Pratt, Senior Independent Non-Executive Director

Guy Wollaert, Non-Executive Director

Mitch Adamek, Non-Executive Director

John Gibney, Non-Executive Director (appointed with effect from 11 April 2016)

Recognition and Awards

PureCircle’s achievements have been recognized by the readers of the Financial Times Investors Chronicle who in 2009 voted PureCircle as AIM International Company of the Year. In 2014, PureCircle received the World Dairy Innovation Award for Best Environmental Sustainability Initiative at the 8th World Dairy Congress. PureCircle won the 2014 "Sustainability Commercialized" Award from Ethical Corporation, a global publication dedicated to corporate social responsibility. PureCircle has also been nominated as a finalist for its sustainability effort at Food Ingredients Europe (FiE) 2013 sustainability and World Beverage Innovation awards 2014.