The main activity of Biofuels is the large scale production and exploitation of biodiesel and glycerine following the construction and commissioning of the initial plant.

Biodiesel is produced from vegetable oils and, as an environmentally friendly product, can make a significant contribution towards reducing green house gases and meeting Kyoto targets.



RNS's from BFC can be viewed at:

http://www.uk-wire.com/cgi-bin/index?search_type=3&words=bfc&go.x=17&go.y=8

http://www.biofuelscorp.com/

True - but I suspect they have had to convince the placees of the upcoming issue that they are heading down the home straight to production as announced by now. So I do not seriously anticipate any further delays.

Wow - my last post of 2 days ago now seems like a long time ago. I have reduced my holdings and may do again tomorrow if the trend continues. I'm certainly not buying until I see an uptrend again. Although a dilution seems to make sense, even the 230p purchase area could come under pressure. Agreed this should be much higher in a year/6 months, but I do not like sitting tight and seeing gains ebb away.

rgrds
gk

edit: Should of clicked Back to List not Post Reply

Biofuels Corporation PLC
6 April 2005



6 April 2005


BIOFUELS CORPORATION PLC ('BIOFUELS' OR THE 'COMPANY')


RESULTS OF EGM AND OF PLACING AND OPEN OFFER


At the Extraordinary General Meeting of the Company, which took place at
3:00p.m. today in London, all of the resolutions put to Shareholders were duly
passed. On 11 March 2005, Biofuels announced a Firm Placing and a Placing and
Open Offer by Collins Stewart of, in aggregate, 14,210,284 New Ordinary Shares
at 230 pence per share to raise approximately 32.7 million (30.6 million net
of expenses) (the 'Placing and Open Offer'). The Placing and Open Offer was
fully underwritten by Collins Stewart, broker and financial adviser to the
Company.

Of the 14,210,284 New Ordinary Shares, 3,336,956 shares were placed firm -
3,080,776 with Toscafield Limited, 76,087 with certain directors and the balance
of 180,093 with Collins Stewart and other of their clients. The remaining
10,873,328 New Ordinary Shares ('Offer Shares') were available for take up under
the Open Offer. 3,920,621 Offer Shares will be subscribed for by institutional
and other investors pursuant to the Placing. The other 6,952,707 Offer Shares,
representing approximately 63.94 per cent of the Offer Shares, were applied to
meet valid applications from Qualifying Shareholders.

Following the Placing and Open Offer, the Company will have 45,018,048 Ordinary
Shares in issue, being one share more than the figure of 45,018,047 Ordinary
Shares set out on in the prospectus despatched to Shareholders on 11 March 2005.

It is expected that Admission to AIM will become effective on 8 April 2005 and
that trading in the New Ordinary Shares will commence on that day.

Commenting on the result of the Open Offer, Sean Sutcliffe, Chief Executive of
Biofuels said:

'We are delighted with the level of support that we have received from our
existing shareholders, our new investors and our bankers and believe that their
support is an endorsement of the strategy for future growth of the Company
adopted by the Board. The raising of these funds is an important step towards
achieving this strategy. Our short term priority remains the completion of the
construction and full operation of the first plant, which is now 80 per cent
complete. As such, we remain on target to have this plant operational by July,
and to achieve consistent production by the end of September 2005'.

Certain terms used in this announcement are defined in the prospectus despatched
to Shareholders on 11 March 2005 which is available for inspection at the
offices of the Company at Suite 611, Belasis Business Centre, Coxwold Way,
Billingham, Teesside TS23 4EA and the offices of Berwin Leighton Paisner,
Adelaide House, London Bridge, London EC4R 9HA.

For further information contact:

Biofuels Corporation plc 01642 345 683
Sean Sutcliffe, Chief Executive
Bob Green, Finance Director

Collins Stewart Limited 020 7523 8350
Nick Ellis

Binns & Co PR Ltd 020 7786 9600
Peter Binns
Matt Ridsdale
Paul McManus


The directors of Biofuels accept responsibility for the information contained in
this announcement. To the best of the knowledge and belief of the directors of
Biofuels (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.

Collins Stewart Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Biofuels and no
one else in connection with the Firm Placing and the Placing and Open Offer and
will not be responsible to anyone other than Biofuels for providing the
protections afforded to its customers or for providing advice in relation to the
contents of this announcement or any transaction or arrangement referred to
herein.

The New Ordinary Shares to be issued in connection with the Firm Placing and
Open Offer have not been nor will they be registered under the United States
Securities Act of 1933 (at amended) or under the securities laws of any state of
the United States of America, any possession or territory of Canada, Japan,
Australia, the Republic of Ireland or South Africa.

The information contained in this announcement is not for publication or
distribution to persons in the United States of America, Canada, Japan,
Australia, the Republic of Ireland or South Africa.

Looks like that announcement has rekindled some interest in BFC. I have jumped back on board at 250 this morning. Hope to enjoy a good rise on the day.

Yes, it's a nice clear statement. All positive and AIM tommorow. Just decided to join in too.

Cheers, Madison

Good time to get back into DOO too (now retraced below 400p) which I have done to match the rights issue I got on BFC - keeping my pairing concept going.

63% take up I think is not bad - not great, but not bad. Gives support at 230p but not much higher.

SD

I'm back into BFC again, stockdog. But not into DOO yet. Looking forward to get in at a better price. DYOR.

I put more into DOO at 381.25 - not the best price of the last few days, but low enough to sit tight and wait for the next wave up.

SD

Well done, stockdog as DOO has gone up about 10% today. I guess BFC will follow suit next week.

Stockdoggy-DOO !! When I saw your tip, I thought time to go go in at last. Then I saw the SP was up 10%, and again I'm thinking - too late again. Still looking to buy on a dip.

Rgrds
gk

Gallick - anywhere below 400p is not a bad place to re-enter looking at medium term (say till Xmas or so). I timed it wrong - could have got in for 350 if I'd sat and watched every hour of every day. I wouldn't be surprised to see dips back below 400 before then, so keep watching - or set a text-message alert with your on-line broker if you can to save having to spend too much time watching the screen.

Good luck
SD

BFC down along with DOO....????
I think its time for me to jump on board.
wilbs

XCheck out eureka thread 10x by christmas!

RNS - Goldman Sachs notification of shares: now a 4.2% holding.

Can anyone say what sort of a change this represents. (I seem to have lost access to the mam major shareholders page.)

Thanks, Madison

Madison - you can check back on previous RNS shareholding announcements until you find the last GS %age. Bit tedious, but only takes about 5 minutes on the LSE Market News website.


http://www.londonstockexchange.com/en-gb/pricesnews/marketnews/

SD

Thank you stockdog. I was just being lazy - I'd been used to having access to the mam major shareholder's page, but this seems to have been withdrawn from me. Probably, like the live FTSE that I used to enjoy, I was never meant to get it!

Anyway, I have checked back to 01/03 as you suggested and as far as I can see there are no previous GS notifications. I assume that means they were previously under 3% and have now increased their holding. Of course on its own this is a meaningless piece of information - you need the whole picture and how it's changing...

Cheers, Madison

I too have lost access to Mam's more interesting pages on the Company site these last few days. I guess now it's no longer a beta issue where they wanted feed back, it's been restricted to Premium subscribers, not us mere groundlings - you cheap b******d Madison. LOL :)

SD

Biofuels Corporation PLC
15 April 2005

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company
Biofuels Corporation plc

2. Name of shareholder having a major interest
Toscafield Limited

3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18.
As in 2 above

4. Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them
Morstan Nominees Limited a/c SEG

5. Number of shares/amount of stock acquired
Not disclosed

6. Percentage of issued class
Not disclosed

7. Number of shares/amount of stock disposed
Not disclosed

8. Percentage of issued class
Not disclosed

9. Class of security
Ordinary Shares

10. Date of transaction
Not disclosed

11. Date company informed
15 April 2005

12. Total holding following this notification
6,669,090

13. Total percentage holding of issued class following this notification
14.8%

14. Any additional information
The holding has changed following the conclusion of the recent
Placing & Open Offer

15. Name of contact and telephone number for queries

Martin Purvis 01642 345695

16. Name and signature of authorised company official responsible for
making this notification.
Martin Purvis, Company Secretary

Date of notification: 15 April 2005

wilbs

Anyone know who Toscafield limited are and what they do?