Arria NLG PLC Issue of Loan Notes (4226E)
18 7월 2016 - 4:00PM
UK Regulatory
TIDMNLG
RNS Number : 4226E
Arria NLG PLC
18 July 2016
18 July 2016
Arria NLG plc
("Arria NLG" or the "Company")
Issue of Loan Notes
Arria NLG (AIM: NLG.L), a technology leader in Natural Language
Generation ("NLG"), is pleased to announce that it has issued a
further GBP545,000 of Loan Notes with 499,283 B Warrants and
999,486 C Warrants attached to existing and new investors in the
Company.
Interest is payable on the Loan Notes at the Bank of England
base rate (currently 0.5%) plus 5%, and is payable annually in cash
or upon maturity. The Loan Notes are convertible into the Company's
ordinary shares at 40p per ordinary share and are exercisable up to
31 October 2019. The Company has a right to repay the Loan Notes
before maturity. The B Warrants and C Warrants are to subscribe for
new ordinary shares in the Company and are exercisable up to 11
June 2019, at 12p per new ordinary share.
The proceeds of the issue of Loan Notes will be applied to the
Company's general short term working capital requirements.
Following the allotment of the Loan Notes and B Warrants and C
Warrants above the Company will have in aggregate the following
Loan Notes and B Warrants and C Warrants in issue;
Instrument Number
------------------------- -----------
Convertible Loan Notes
(convertible at 40p) 6,725,000
------------------------- -----------
B Warrants (exercisable
at 12p) 16,670,288
------------------------- -----------
C Warrants (exercisable
at 12p) 999,486
------------------------- -----------
For further information, please visit www.arria.com or
contact:
Arria NLG plc Tel +44 (0)20 7100 4540
Stuart Rogers
Chairman and Chief Executive
----------------------------- ---------------------------------------
Allenby Capital Tel: +44 (0)20 3328 5656
Nominated Adviser & Joint
Broker
Nick Naylor
Jeremy Porter
James Reeve
----------------------------- ---------------------------------------
MSL Capital Markets Tel: +64 (0)4 472 2716
Lead Manager
Andrew McDouall
Justine Dunnett
Peter Lynds
----------------------------- ---------------------------------------
Stockdale Securities Tel: +44 (0)20 7601 6100
Joint Broker
Antonio Bossi
Robert Finlay
----------------------------- ---------------------------------------
IFC Advisory Tel: +44 (0)20 3053 8671
Financial PR and IR tim.metcalfe@investor-focus.co.uk
Tim Metcalfe graham.herring@investor-focus.co.uk
Graham Herring heather.armstrong@investor-focus.co.uk
Heather Armstrong
----------------------------- ---------------------------------------
Ruder Finn Tel: +1 541-326-5847
PR (USA) Tel: +1 203-246-1304
Scott Beaver (West Coast)
Brianna Mulligan (East
Coast)
----------------------------- ---------------------------------------
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 founders of
Arria Data2Text Limited at the University of Aberdeen. For
additional information, visit www.arria.com. Follow Arria NLG on
Twitter, LinkedIn, Google+ and YouTube.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEAKFDPABKKNOD
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July 18, 2016 03:00 ET (07:00 GMT)
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