BGX Sofix Ucits Etf

RNS Number:1480C
Bioganix PLC
28 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-vessel
composting technology, commences trading on AIM today.  On Admission the Company
has raised #3,050,000 through a placing of 2,541,667 ordinary shares at 120p per
share undertaken by Rowan Dartington & Co, the Company's nominated adviser and
broker.



Bioganix treats controlled wastes, notably those governed by the 'Animal
By-Products Regulations', to produce a nutrient rich compost that is used
principally as an agricultural fertilizer replacement.  Waste materials
processed 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 and
environmental regulations governing the waste management industry present
significant growth opportunities for Bioganix.



The net proceeds of the Placing will be used to expand the processing capacity
of the Bioganix group and to provide working capital.



Placing statistics:
Issue price                                                              120p
Total number of shares being placed                                 2,541,667
Number of shares in issue on Admission                              6,458,335
Percentage of Enlarged share Capital being placed                      39.35%
Market capitalisation at the Placing Price                         #7,750,000


Enquiries:
Nick Helme, Managing Director
Bioganix plc                                Tel: 01568 619 115

Julian Morgan, Finance and
Commercial Director
Bioganix plc                                Tel: 01568 619 101

Barrie Newton
Rowan Dartington & Co                       Tel: 0117 933 0010

Paul Vann/Tom Cooper
Winningtons Financial                       Tel: 0117 920 0092 or 07802 466567






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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