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Arria to float on Australian and New Zealand stock exchanges

Thu, 01st Dec 2016 12:04

(ShareCast News) - AIM-listed artificial intelligence company Arria NLG is to float on the Australian and New Zealand stock exchanges in March 2017 to pursue growth opportunities.The new funds which would be raised would be used to develop the company's software as a service products, including launching them in new countries, develop its NLG Developer cloud products, and for additional working capital.As the admission to the New Zealand Stock Exchange is its primary listing it has arranged for a firm in the country to become the successor holding company and wholly owned parent of the Arria Group, subject to shareholder approval.Arria Group shareholders will therefore hold a number of Arria NZ shares, rather than Arria NLG shares currently traded on AIM.The company said it will also apply for its shares to cease trading on AIM and it will seek to list on the main market of the London Stock Exchange in the future.The listing on the Australian and New Zealand markets and the de-listing from AIM requires approval from shareholders and, through a scheme of arrangement under UK Companies Act, from the High Court in London in either December or January 2017.Sharon Daniels, chair and interim chief executive, said, "We believe that the Arria Group is igniting a global revolution in communication, and that the NLG?tools and systems we are bringing to the world will fundamentally change the way people interact with technology. The group's capital plans will further strengthen Arria's position in this fast growing market."Shares in Arria NLG were down 13.97% to 15.06p at 1124 GMT.

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12 Aug 2014 08:55

Arria NLG Wins Contract With Financial Services Firm

24 Jun 2014 16:17

Arria buoyed by US patent news

AIM-listed Arria NLG, whose natural language generation (NLG) technology helps clients crunch large amounts of word-based data, has secured two US patents over its software. Arria, whose shares have been hit by the stock market crunch in Big Data firms since its December flotation, said the patents

24 Jun 2014 08:27

Arria NLG Wins Two US Patents For Intellectual Property

12 Jun 2014 13:21

Arria NLG Loss Narrows On Revenue Rise, Admin Cost Reduction

LONDON (Alliance News) - Arria NLG PLC Thursday said its pretax loss narrowed in the half year to end-March, as it continued to develop its natural language generation software following its initial public offering on AIM in December. Arria NLG is a software development company focused on a

23 May 2014 12:13

Arria NLG Signs 3-Year Deal With Shell Worth Up To USD10 Million

LONDON (Alliance News) - Shares in Arria NLG PLC rose Friday after it said its subsidiary Arria Data2Text Ltd has signed a three-year contract with Shell Exploration & Production Co, part of Royal Dutch Shell PLC, in a deal worth USD5 million to USD10 million over the three-year period, which is

24 Apr 2014 13:20

Arria NLG To Release New Software To Support Artificial Intelligence Engine

LONDON (Alliance News) - Arria NLG PLC said Thursday that it plans to release a new data science framework software to be used in artificial intelligence products, at the Pumps and Pipes event in Houston, April 30. The company said that its Arria Natural Language Generation engine is alread

10 Feb 2014 12:34

Arria NLG Notes NLG Weather Forecasts On Met Office Website

LONDON (Alliance News) - Arria NLG PLC Monday said that the UK Met Office is now offering its NLG-generated weather forecast narratives on its MET invent website. The natural language generation technology company said the forecasts can now be viewed at any of 5,000 geographic points in the

23 Jan 2014 12:50

Arria doubles losses but looks to 'bright' future

Arria, a recently AIM-listed company that develops natural language generation (NLG) technology, declined after it full-year losses doubled as a result of heavy investment. For the 12 months ended September 30th, losses totalled £13m on revenue of £0.82m, up from £0.06m a year earlier, which was d

23 Jan 2014 12:08

Arria NLG Losses Widen In 1st Results Since AIM Listing But Sees "Bright" Future

LONDON (Alliance News) - Arria NLG PLC Thursday said it losses widened for the full year, in its maiden results since it listed on AIM last month. The firm, which develops and deploys natural language generation technologies, posted a pretax loss of GBP13.0 million for the year ended Septem

5 Dec 2013 12:40

Arria NLG soars on AIM admission as Big Data prospects excite

With technology described by Shell as a "game changer" for the oil industry, Arria NLG has floated its shares on AIM without raising any new funds as it looks to improve its profile and win new clients. The company had a market cap on admission of around £102m at a share price of 100p, but this qu

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