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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Arria Nlg Ords | LSE:NLG | London | Ordinary Share | GB00BGDFBC25 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
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)
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