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Capital Funding Update

2 Sep 2015 13:47

RNS Number : 8695X
Arria NLG PLC
02 September 2015
 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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