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| Agroliga Group PLC plans to debut on WSE’s NewConnect market early February 2011 |
| Thursday, 27 January 2011 | ||||||||
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Warsaw, January 26th 2011, Cyprus based Agroliga Group PLC – holding company of Ukraine based producer of sunflower oil conducting also grain cultivation and cattle-breeding – plans to debut on WSE’s NewConnect market in the first half of February 2011. The Company completed EUR 1 million private placement offering last month. The funds from offering will be utilized on purchase of a new production machinery and modernization of breeding complex. The Issuer’s Authorized Advisor is WDM Autoryzowany Doradca sp. z o.o.
- „We realize our plan connected with debut on NewConnect step by step. The success of private placement wasn’t a great surprise, as the low P/E ratio, interesting business model and well defined investment objectives brought a large number of investors, interested in purchase of Agroliga Group PLC’s shares. The investments that we plan to carry out, are worth above EUR 3,6m, of which EUR 2,6m we will cover from our own funds. If not the NewConnect plans and gathered funding, business development and reorganization of business model could last longer. Nowadays, we’re preparing for debut, that is expected early February this year.” - says Oleksander N. Berdnik, President of the Board of Directors of Agroliga Group PLC.
FINANCIAL RESULTS As of the end of September 2010 Agroliga Capital Group generated consolidated revenues of EUR 4,2m while the net profit reached EUR 1,055m. This represents growth of 74 and 92 percent respectively compared to the corresponding period of 2009. According to the forecasts the Company expects that its consolidated revenues for 2010 will reach EUR 4,47m, while the consolidated net profit will amount to EUR 1,32m.
INVESTMENT PLAN
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Agroliga Group is Ukraine based company conducting food and agricultural business. The Group produces sunflower oil, grain and breeds milk cows. The Group consists of five companies: - Agroliga Group PLC – the holding company based in Cyprus and who was the Issuer in private placement offering. - Agroliga operating in Ukraine. It conducts plant production; - Mechnikovo operating in Ukraine. It specializes in milk cows breeding and plant production; - Agrokom Novaj Vodolaga operating in Ukraine. It conducts sunflower oil production; - PLC Liga A operating in Ukraine. It focuses on sales and trading services for other companies in the Group. The group plans to debut on the Warsaw Stock Exchange’s governed NewConnect market on early February 2011. Prior to that the Company conducted private placement from which it received EUR 1 million. These funds will be used for modernization of machine park, increase of production forces and breeding complex. More information: www.agroliga.com.ua More information: Authorized Advisor: WDM Autoryzowany Doradca sp. z o.o. ul. Kiełbaśnicza 28 50-109 Wrocław, Poland tel. (+48 71) 79 11 555 This e-mail address is being protected from spambots. You need JavaScript enabled to view it
IR Advisor: Public Image Advisors S.A. ul. Emilii Plater 53 00-113 Warszawa tel. (+48 22) 311 24 11/ 12 This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Financial Advisor: Progress Holding Sp z o o Ul. Szańcowa 44 01-458 Warszawa tel. (+48 22) 836 58 48 This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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