21 Nov 2016 08:00
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 £2.7 million of unsecured convertible loan notes (the "Loan Notes"). As at the date of this announcement, the Company has received £1.1 million of the £2.7 million relating to the Loan Notes and expects to receive the balance of approximately £1.6 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 and Interim Chief Executive Sharon Daniels | Tel +44 (0)20 7100 4540 |
Allenby Capital (Nominated Adviser & Joint Broker) Nick Naylor Jeremy Porter James Reeve
| Tel: +44 (0)20 3328 5656 |
MSL Capital Markets (Lead Manager) Andrew McDouall Justine Dunnett Peter Lynds
| Tel: +64 (0)4 472 2716 |
Stockdale Securities (Joint Broker) Antonio Bossi Robert Finlay
| Tel: +44 (0)20 7601 6100 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong
| Tel: +44 (0)20 3053 8671 tim.metcalfe@investor-focus.co.uk graham.herring@investor-focus.co.uk heather.armstrong@investor-focus.co.uk |
Ruder Finn (PR USA) Scott Beaver (West Coast) Brianna Mulligan (East Coast) |
Tel: +1 541-326-5847 Tel: +1 203-246-1304 |
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.