TIDMNLG

RNS Number : 2605N

Arria NLG PLC

24 October 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO, OR FROM ANY JURSIDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR")

24 October 2016

Arria NLG plc

("Arria NLG" or the "Company")

Financing update

Arria NLG (AIM: NLG), a leader in Artificial Intelligence and Natural Language Generation ("NLG"), is pleased to update that pursuant to the announcement made on 3 October 2016 regarding the subscription by investors of approximately GBP2.7 million of unsecured convertible loan notes ("Loan Notes") with C warrants attached, it has received GBP622,000 relating to those Loan Notes. The remaining funds are expected to be received in the coming weeks.

Subscribers to the Loan Notes receive two unlisted warrants to subscribe for new ordinary shares in the Company for each US$1.00 invested in the Loan notes, exercisable up to 11 June 2019, at 12p per new ordinary share (the "C Warrants"). Therefore, this tranche of Loan Notes results in the issue of 1,591,338 C Warrants.

For further information, please visit www.arria.com or contact:

 
Arria NLG plc - Chairman        Tel +44 (0)20 7100 4540 
 and Interim Chief Executive 
 Sharon Daniels 
----------------------------  ----------------------------------------- 
Allenby Capital (Nominated      Tel: +44 (0)20 3328 
 Adviser & Joint Broker)         5656 
 Nick Naylor 
 Jeremy Porter 
 James Reeve 
----------------------------  ----------------------------------------- 
MSL Capital Markets             Tel: +64 (0)4 472 2716 
 (Lead Manager) 
 Andrew McDouall 
 Justine Dunnett 
 Peter Lynds 
----------------------------  ----------------------------------------- 
Stockdale Securities            Tel: +44 (0)20 7601 
 (Joint Broker)                  6100 
 Antonio Bossi 
 Robert Finlay 
----------------------------  ----------------------------------------- 
IFC Advisory (Financial         Tel: +44 (0)20 3053 
 PR and IR)                      8671 
 Tim Metcalfe                    tim.metcalfe@investor-focus.co.uk 
 Graham Herring                  graham.herring@investor-focus.co.uk 
 Heather Armstrong               heather.armstrong@investor-focus.co.uk 
----------------------------  ----------------------------------------- 
Ruder Finn (PR USA) 
 Scott Beaver (West Coast)      Tel: +1 541-326-5847 
 Brianna Mulligan (East         Tel: +1 203-246-1304 
 Coast) 
----------------------------  -----------------------------------------

Arria NLG

Arria NLG's core product is known as the Arria NLG Platform, a form of artificial intelligence software, specialised in extracting information from complex data sources and communicating that information in natural language (i.e. as if written by a human). The scientific foundation for the Arria NLG Platform is based on more than 30 years of research and development by the Arria|Data2Text Founders at the University of Aberdeen. For additional information, visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+ and YouTube.

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDEASELADEKFEF

(END) Dow Jones Newswires

October 24, 2016 02:00 ET (06:00 GMT)

Arria Nlg Ords (LSE:NLG)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas Arria Nlg Ords.
Arria Nlg Ords (LSE:NLG)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas Arria Nlg Ords.