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