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TIDMBGX 
 
RNS Number : 1611N 
Bioganix PLC 
11 February 2009 
 

 
 
Bioganix plc 
` 
 
 
The Directors of Bioganix plc ("the Company") announce that they have filed a 
notice of appointment of an Administrator to Bioganix Composting Limited ("BCL) 
which, along with BCL's wholly-owned subsidiary Bioganix Research Limited, is 
the sole operating entity within the Bioganix Group ("the Group"). 
 
 
This follows the announcement on 26 January 2009 that it appeared unlikely that 
the proceeds receivable from any disposal of the operating business and assets 
of the Group would result in a surplus to shareholders.  Discussions were then 
progressing to a disposal through a sale of the entire issued share capital of 
BCL, thereby avoiding insolvency.  It became clear for the first time during 
Thursday 5 February, however, that the Bank believed that the only remaining 
offer from potential purchasers was for the purchase of certain assets of 
Bioganix Composting Ltd out of administration using a "pre-pack" 
arrangement.  The Directors therefore have had no alternative than to commence 
steps for the appointment of an Administrator to BCL. The Company will not 
itself be placed in administration but is likely to be wound up in due course. 
 
 
Blue Oar Securities Plc resigned on February 10th 2009 as the Company's 
Nominated Adviser.  In consequence as the Company does not intend to appoint a 
replacement nominated adviser, the Company's AIM listing will be cancelled with 
effect from 7am 10 March 2009. Trading of the Company's shares on AIM remains 
suspended. 
 
 
In the next few days the Directors will be posting on the Company website a more 
complete account of the Group's activities and history. 
 
 
 
 
Contacts: 
 
 
Nick Helme 01568 619115 
Managing Director - Bioganix Plc 
 
 
Julian Morgan 01568 619101 
Finance and Commercial Director - Bioganix Plc 
 
 
www.bioganix.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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