BGX Sofix Ucits Etf

RNS Number:9930Y
Bioganix PLC
26 June 2007



Bioganix plc is pleased to announce that it has completed a conditional placing
of 1,659,133 New Ordinary Shares at a price of 145p per share to raise
approximately #2,250,000 net of expenses.

The proceeds of the placing will be used primarily to provide equity content of
the funding required for the construction and development of the Company's next
in-vessel composting plant. This plant will be built at Sharpness Docks in
Gloucester and will be a 48,000 ton per year facility.

The placing is subject to shareholders' approval which will be sought at an EGM
to be held on 19 July 2007.



Enquiries:

Nick Helme, Managing Director, Bioganix plc              Tel:  01568 619 115
Julian Morgan, Finance Director, Bioganix plc            Tel:  01568 619 101

Mike Coe, Director, Blue Oar Securities Plc              Tel:  0117 933 0020

Paul Vann/Tom Cooper, Winningtons Financial PR           Tel:  0117 920 0092

www.bioganix.co.uk




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