4 Aug 2015 10:00
4 August 2015
Arria NLG plc ("Arria" or the "Company")
Capital Funding Update
Arria NLG plc (AIM:NLG), a technology leader in Natural Language Generation ("NLG"), today provides the following update on its recent capital raising.
On 30 June 2015, the Company announced it had raised £3.75 million (approximately US$6.0 million) through a combination of the subscription of new convertible loan notes and the early drawdown of an existing loan note. Of the gross £3.75 million of funds committed in June 2015, the Company now expects to receive, before costs, approximately £2.9 million (US$4,560,000) during the next two weeks, with the balance expected during August 2015.
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 |