AgroligaGroup PLC – holding company of Ukraine based producer of sunflower oil conducting also grain cultivation and cattle-breeding – finished with success its private placement offering worth EUR 1 million. Funds from offering will be utilized for purchase of new production machines and modernization of breeding complex. Agroliga plans its NewConnect’s debut for 1Q 2011. The Issuer’s Authorized Advisor is WDM Autoryzowany Doradca sp. z o.o.

Investors signed for all 51.260 offered new shares, that are equal to 16,67% in Agroliga Group PLC’s share capital.

- „P/E ratio for this private placement was below 5, so great number of interested investors is not a suprise. There were many more interested investors than shares offered, but we did not decided to increase volume of offered shares, because we do not want further dillution of shareholding structure. EUR 1 million realizes our plan, which was to finance one third of necessary investments. We will use this funds to buy new production line and to increase number of milk-cows. Total value of both investments is EUR 3,6 million, from which EUR 2,6 million we will cover from our own funds. We think that our share capital, historical financial results and realistic financial forecasts convinced investors, that its worth to trust us. Now we are waiting for NewConnect debut, that we expect to happen in the beginning of 2011.” – says Oleksander N. Berdnik, President of the Board of Directors and co-founder of Agroliga Group PLC.