First Day of Dealings
05 Settembre 2006 - 9:00AM
UK Regulatory
AQUABELLA GROUP PLC
FIRST DAY OF DEALINGS
Aquabella Group plc ("Aquabella" or the "Company"), the producer of premium
quality Barramundi fish from sustainable stock, announces that 18,253,095
ordinary shares of 4p each in the capital of the Company have today been
admitted to trading on AIM. The Company's trading symbol is "AQA".
Highlights of the Placing:
* �2.28 million (�1.78 million net of expenses) has been raised for Aquabella
via a placing at 100 pence per share
* On admission the market capitalisation of Aquabella at the placing price
will be �18.2 million
* The net proceeds of the placing will be used for working capital proceeds
The Business
* Aquabella currently produces and grows Barramundi, a white-fleshed
Australian native fish, which it sells to the wholesale, retail and
restaurant markets in the UK;
* Barramundi was selected as the first species to be farmed by the Company
because of its success in Australia and because it is believed by the
directors to be attractive to the retail, wholesale and restaurant market.
Barramundi has gained the reputation as one of Australia's finest eating
fish as it has few bones and is rich in Omega 3 essential fatty acids and
low in fat;
* According to the Food and Agriculture Organisation the total world demand
for fish is expected to be approximately 160 million tonnes per annum by
2030. Due to an increasing world population and world capture of natural
fish stocks projected to stagnate, world demand for aquaculture products is
accelerating to fill the "supply gap";
* A key feature of the Company's advanced aquaculture system is its modular
design, allowing production capacity to be quickly enhanced to match market
demand. The current facility is capable of producing up to 400 tonnes of
Barramundi per annum;
* Highly experienced board and management team;
* As at 30 August 2006, Aquabella employed 17 personnel all of whom were
located in Lymington, Hampshire; and
* City Financial Associates Limited acts as both Nominated Adviser and Broker
to Aquabella.
Pieter Tott�, Non Executive Chairman of Aquabella, commented:
"We are delighted that Aquabella has successfully listed on the AIM market
today. With increased public concern about declining wild fish stocks, there is
growing demand for premium quality, farmed fish produced from sustainable stock
in a controlled environment. Barramundi has a deserved reputation as one of
Australia's finest eating fish - it has a sweet, buttery taste, is high in
Omega 3 and low in fat, making it an attractive choice for health conscious
consumers.
"The management team has extensive experience in the food and aquaculture
industries and we are excited about the opportunity we have created for our
shareholders."
For further information, please contact:
Aquabella Group plc 020 7234 0570
Peter Salter / Pieter Tott�
Redleaf Communications 020 7822 0200
Emma Kane / Duncan McCormick / Samantha Robbins
City Financial Associates Limited 020 7090 7800
Liam Murray
END
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