Sofix Ucits Etf Regulatory News (BGX)

19 Jul 2007 16:10

Bioganix PLC19 July 2007 This announcement replaces the version released at 2.58pm today under RNS number 5481A. Bioganix Plc is pleased to announce that at its EGM held today the resolutionsrequired to approve the Placing of 1,659,311 new ordinary shares at 145p eachwere duly passed. The Placing has raised approximately £2,250,000 net ofexpenses for the Company. The proceeds are being used primarily to provide theequity content of the funding required for the construction and development ofthe Company's next in-vessel composting plant to be built at Sharpness,Gloucestershire. Application has been made for the new ordinary shares to be admitted to tradingon AIM. Admission of 1,273,103 of the new ordinary shares is expected to takeplace on 20 July 2007. The remaining 386,208 new ordinary shares will beadmitted on 23 July 2007. Following the issue of the shares pursuant to the Placing, the Company's issuedand voting share capital comprises 8,117,646 ordinary shares of 10p each. This information is provided by RNS The company news service from the London Stock Exchange