Sofix Ucits Etf Regulatory News (BGX)

28 Apr 2006 07:01

Bioganix PLC28 April 2006 Bioganix plc Admission to AIM and Placing of 2,541,667 Ordinary Shares at 120p per share Bioganix plc ("Bioganix" or "the Company"), the owner and operator of in-vesselcomposting technology, commences trading on AIM today. On Admission the Companyhas raised £3,050,000 through a placing of 2,541,667 ordinary shares at 120p pershare undertaken by Rowan Dartington & Co, the Company's nominated adviser andbroker. Bioganix treats controlled wastes, notably those governed by the 'AnimalBy-Products Regulations', to produce a nutrient rich compost that is usedprincipally as an agricultural fertilizer replacement. Waste materialsprocessed by Bioganix include food processing by-products, retail food wastes,local authority organic wastes and agricultural by-products. The directors believe that the increasing costs of disposal via landfill andenvironmental regulations governing the waste management industry presentsignificant growth opportunities for Bioganix. The net proceeds of the Placing will be used to expand the processing capacityof the Bioganix group and to provide working capital. Placing statistics:Issue price 120pTotal number of shares being placed 2,541,667Number of shares in issue on Admission 6,458,335Percentage of Enlarged share Capital being placed 39.35%Market capitalisation at the Placing Price £7,750,000 Enquiries:Nick Helme, Managing DirectorBioganix plc Tel: 01568 619 115 Julian Morgan, Finance andCommercial DirectorBioganix plc Tel: 01568 619 101 Barrie NewtonRowan Dartington & Co Tel: 0117 933 0010 Paul Vann/Tom CooperWinningtons Financial Tel: 0117 920 0092 or 07802 466567 This information is provided by RNS The company news service from the London Stock Exchange