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Agroliga Group PLC is going to debut on WSE’s NewConnect on 11 February 2011
Wednesday, 09 February 2011

Press release

Agroliga Group PLC is going to debut on WSE’s NewConnect
on 11 February 2011

 

Warsaw, February 9 2011, Only a couple of days away and Cyprus based Agroliga Group PLC – holding company of Ukraine based producer of sunflower oil conducting also grain cultivation and cattle-breeding – will debut on the WSE’s NewConnect market. The debut was preceded by private placement, from which the Company gained EUR 1 milion. This capital will be used for investments in modernization of Agroliga’s production facilities. The Issuer’s Authorized Advisor is WDM Autoryzowany Doradca sp. z o.o.

 

- “More and more countries from the Central and Eastern Europe region are interested in possibility of accessing to WSE. Czech Republic, Lithuania, Croatia and even Russia are examples. Polish stock exchange enables companies from these countries to get wider access to investors from Western Europe and USA. In case of Agroliga’s line of business, we had an opportunity to observe how to handle our competition in Poland. Thinking about the further development of the company and saw its potential for growth, we decided to introduce Agroliga to NewConnect market, that we think is appropriate for several reasons. NewConnect’s attitude are simpler procedure and possibility of gaining reach experience, that in the next few years, apply for a transfer on the Warsaw Stock Exchange main floor.” - 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.

 

- „Thanks to private placement and completed capital, we could modernize our park machines with breeding complex. It will contribute to grow Agroliga’s financial results and our share in growers market, in next years.” – coments Oleksander N. Berdnik, Prezes Rady Dyrektorów Agroliga Group PLC.

 

 

INVESTMENT PLAN

YEAR

PLANNED INVESTMENT

By 2012

  • Increase of productivity from 1 ha by 20-50%
  • Increase of herd by 200 pedigree, high-milk cows
  • Launch of second installation for sunflower production able to produce 10 thousand tonnes a year, which will allow to increase total production by 17 thousand tonnes/year
  • Reach of 5% share in Charkow’s sunflower oil production market

By 2014

  • Investments to increase warehouse capacity, elevators and sunflower oil tanks
  • Increase of cows herd to 1,2 thousand
  • Introduction of employees’ long-term motivational program, individual paths of development, rotation of human resources and share in Agroliga Group’s profits
  • Reach of 5% share in Charkow’s milk production market

After 2015

  • Leasing of additional seeding grounds
  • Introduction of sunflower oil refinement, deodorization and confection technologies
  • Organization of production of milk preserves addressed to end client
  • Introduction of social programs

* * *

 

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

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IR Advisor:

Public Image Advisors S.A.

ul. Emilii Plater 53

00-113 Warszawa

tel. (+48 22) 311 24 11/ 12

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Financial Advisor:

Progress Holding Sp z o o

Ul. Szańcowa 44

01-458 Warszawa

tel. (+48 22) 836 58 48

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