Arria NLG PLC Update on Loan Note Subscriptions (6705P)

TIDMNLG

RNS Number : 6705P

Arria NLG PLC

21 November 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")

21 November 2016

Arria NLG plc

("Arria NLG" or the "Company")

Update on Loan Note Subscriptions

Arria NLG (AIM: NLG), a leader in Artificial Intelligence and Natural Language Generation ("NLG"), today provides an update on the Company's progress.

Loan note subscriptions

As announced on 3 October 2016, Arria has received agreement for subscriptions for approximately GBP2.7 million of unsecured convertible loan notes (the "Loan Notes"). As at the date of this announcement, the Company has received GBP1.1 million of the GBP2.7 million relating to the Loan Notes and expects to receive the balance of approximately GBP1.6 million by 15 December 2016, in accordance with the terms of the subscription agreements. It should be noted that, as the underlying Loan Note subscriptions are denominated in US dollars, the final amounts received from the subscribers may be impacted by foreign exchange differences.

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

 
Arria NLG plc - Chairman                               Tel [phone] 
 and Interim Chief Executive                                         4540 
 Sharon Daniels 
Allenby Capital (Nominated                            Tel: [phone] 
 Adviser & Joint Broker)                                             5656 
 Nick Naylor 
 Jeremy Porter 
 James Reeve 
MSL Capital Markets (Lead                               Tel: [phone] 
 Manager)                                                            2716 
 Andrew McDouall 
 Justine Dunnett 
 Peter Lynds 
Stockdale Securities (Joint                           Tel: [phone] 
 Broker)                                                             6100 
 Antonio Bossi 
 Robert Finlay 
IFC Advisory (Financial PR                            Tel: [phone] 
 and IR)                                                             8671 
 Tim Metcalfe                           [e-mail] 
 Graham Herring                       [e-mail] 
 Heather Armstrong                 [e-mail] 
Ruder Finn (PR USA) 
 Scott Beaver (West Coast)                           Tel: [phone] 
 Brianna Mulligan (East Coast)                       Tel: [phone] 
 

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 Limited 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

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November 21, 2016 03:00 ET (08:00 GMT)