Conyers advised existing client PureCircle Limited as issuer on the recent placing of 9,500,000 of its new ordinary shares of US$0.10 each.
The Placing which closed on 15 May 2019 raised gross proceeds of circa. US$35 million (before expenses). The Placing Shares represent approximately 5.4% of the PureCircle Limited’s existing issued ordinary share capital. Numis Securities Limited acted as sole bookrunner in respect of the Placing.
PureCircle Limited is a world leading producer and innovator of stevia sweeteners.
Counsel Sheba Raza and associate Elizabeth Elliott of Conyers’ London office acted as Bermuda law advisers to PureCircle Limited working alongside Ashurst who advised on the English law aspects of the transaction.