Capital Grant of GBP381k
28 Febbraio 2008 - 8:00AM
UK Regulatory
RNS Number:8992O
Bioganix PLC
28 February 2008
28th February 2008
Bioganix plc
WRAP Capital Grant of �381K
The Directors of Bioganix plc ('Bioganix'), the AIM listed waste management
services 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 its
Organics Capital Support V scheme. Contracts have been signed with WRAP and the
first installment of �152,500 is expected to be payable shortly. The Sharpness
facility is expected to be commissioned by the end of March 2008.
Commenting on the grant, Nick Helme, Managing Director of Bioganix said: "We are
very pleased that WRAP has decided to award us this grant. The WRAP finance has
helped us build an innovative fully enclosed composting and recycling facility
at Sharpness to serve the needs of the local economy."
Contacts:
Nick Helme 01568 619115
Managing Director - Bioganix plc
Julian Morgan 01568 619101
Finance and Commercial Director - Bioganix plc
Mike Coe / Marc Davis 0117 933 0020
Blue Oar Securities Plc
Tom Cooper / Paul Vann 020 7256 9445
Winningtons Financial 0797 122 1972
Notes to Editors:
Bioganix plc is a leader in the management of organic waste materials, notably
those governed by the 'Animal By-Products Regulations', to produce a nutrient
rich 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 and
green garden waste.
Bioganix was admitted to the Alternative Investment Market of the London Stock
Exchange in April 2006 by Blue Oar Securities Plc, the Company's nominated
adviser and broker. Bioganix raised �3,050,000 through a placing of 2,541,667
ordinary shares at 120p per share, giving the Company a market capitalisation on
admission of �7,750,000.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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