Arria NLG PLC Subscription for Shares and Total Voting Rights (1784W)

TIDMNLG

RNS Number : 1784W

Arria NLG PLC

23 December 2013

Arria NLG plc

("Arria", the "Company")

Subscription for Shares and Total Voting Rights

Arria NLG plc (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, announces the conclusion of the subscription for 281,250 ordinary shares of GBP0.001 each at $1.60 per share ("New Ordinary Shares") and 281,250 warrants over ordinary shares of GBP0.001 each (with an exercise price of GBP1.33) ("Warrants") by Gerald Henry for US$450,000, pursuant to the subscription agreement entered into prior to admission of the Company to AIM and as set out in its Admission Document of 29 November 2013.

Consideration for the subscription was satisfied by the conversion of US$450,000 of existing Arria loan notes which had been assigned to Gerald Henry from the note holders who are fellow shareholders, Brian Henry and Michael Mayell. As a gesture of continuing support, Gerald Henry forgave accrued interest attaching to the loan notes of US$40,323. The Company now has GBP50,394 of loan notes outstanding held by Gerald Henry.

Following the subscription, Gerald Henry is the beneficial holder of 6,704,722 ordinary shares of GBP0.001 each in the Company, representing approximately 6.54% of the issued share capital of the Company, and Warrants over 796,250 ordinary shares of GBP0.001 each in the Company.

Application will be made for the 281,250 New Ordinary Shares and 281,250 Warrants to be admitted to trading on AIM and admission is expected to become effective on 30 December 2013 ("Admission").

Total Voting Rights

On Admission of these shares, the total number of ordinary shares of GBP0.001 each in the Company in issue will be 102,562,724, with each share carrying the right to one vote. On Admission of these warrants, the total number of warrants over ordinary shares of GBP0.001 each in the Company in issue will be 9,852,237, exercisable at GBP1.33 per share, with no voting rights. The Company holds no shares in treasury. The total number of voting rights in the Company is therefore 102,562,724. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.

For further information, please visit www.arria.com or contact:

 
 Arria NLG plc                                       Tel +44 (0) 20 7100 
  Stuart Rogers                                                     4540 
  Chairman & Chief Executive Officer 
 Allenby Capital, Nominated Adviser and Broker       Tel: +44 (0)20 3328 
  Jeremy Porter                                                     5656 
  Nick Naylor                                     www.allenbycapital.com 
  James Reeve 
                                                ------------------------ 
 Walbrook, Financial PR and IR                        Tel: 44 (0)20 7933 
  Bob Huxford                                                       8792 
  Guy McDougall                                       www.walbrookpr.com 
                                                ------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

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