2 Sep 2015 13:47
2 September 2015
Arria NLG plc ("Arria" or the "Company")
Capital Funding Update
Arria NLG plc (AIM:NLG), a technology leader in Natural Language Generation ("NLG"), provides the following update on its recent capital raising.
On 30 June 2015, Arria announced it had raised £3.75 million (US$6.0 million) in capital funding through a combination of the subscription of new convertible loan notes and the early drawdown of an existing loan note.
On 19 August 2015, Arria announced that it had received the first £1 million (USD$1.56 million) of the capital funding. Arria is pleased to announce that as expected, a further £1.902 million (USD$3.0 million) of the capital funding was received by the end of August. The Company has therefore now received, before costs, a total of £2.902 million (USD$4.56 million) of the £3.75 million (US$6.0 million) of committed funds. The remaining £0.9 million is expected to be received over the coming weeks.
For further information, please visit www.arria.com or contact:
Arria NLG plc
Stuart Rogers Chairman and Chief Executive
| Tel +44 (0) 20 7100 4540 |
Allenby Capital Nominated Adviser & Joint Broker Nick NaylorJeremy PorterJames Reeve | Tel: +44 (0) 20 3328 5656 |
MSL Capital Markets - Lead Manager Andrew McDouallJustine DunnettPeter Lynds | Tel: +64 (0) 4 472 2716 |
Westhouse Securities - Joint Broker Antonio BossiRobert Finlay | Tel: +44 (0) 20 7601 6100 |
IFC Advisory - Financial PR and IR Tim MetcalfeGraham Herring | Tel: +44 (0) 20 3053 8671 tim.metcalfe@investor-focus.co.uk graham.herring@investor-focus.co.uk |