Sofix Ucits Etf Regulatory News (BGX)

28 Feb 2008 07:00

Bioganix PLC28 February 2008 28th February 2008 Bioganix plc WRAP Capital Grant of £381K The Directors of Bioganix plc ('Bioganix'), the AIM listed waste managementservices group, are pleased to announce that Bioganix has been awarded a£381,250 capital grant towards the cost of building the Sharpness facility. WRAP (Waste & Resources Action Programme) has awarded the grant under itsOrganics Capital Support V scheme. Contracts have been signed with WRAP and thefirst installment of £152,500 is expected to be payable shortly. The Sharpnessfacility is expected to be commissioned by the end of March 2008. Commenting on the grant, Nick Helme, Managing Director of Bioganix said: "We arevery pleased that WRAP has decided to award us this grant. The WRAP finance hashelped us build an innovative fully enclosed composting and recycling facilityat Sharpness to serve the needs of the local economy." Contacts: Nick Helme 01568 619115Managing Director - Bioganix plc Julian Morgan 01568 619101Finance and Commercial Director - Bioganix plc Mike Coe / Marc Davis 0117 933 0020Blue Oar Securities Plc Tom Cooper / Paul Vann 020 7256 9445Winningtons Financial 0797 122 1972 Notes to Editors: Bioganix plc is a leader in the management of organic waste materials, notablythose governed by the 'Animal By-Products Regulations', to produce a nutrientrich compost that is used principally as an agricultural fertiliser replacement.Waste materials processed by Bioganix include food processing by-products,retail food wastes, local authority organic waste, agricultural by-products andgreen garden waste. Bioganix was admitted to the Alternative Investment Market of the London StockExchange in April 2006 by Blue Oar Securities Plc, the Company's nominatedadviser and broker. Bioganix raised £3,050,000 through a placing of 2,541,667ordinary shares at 120p per share, giving the Company a market capitalisation onadmission of £7,750,000. This information is provided by RNS The company news service from the London Stock Exchange