Arria Extends Shell Agreement
December 23 2013 - 5:23AM
Dow Jones News
LONDON-- Linguistics technology group Arria NLG PLC (NLG.LN)
Monday announced an extension to its services agreement with Royal
Dutch Shell PLC's (RDSA.LN) U.S. subsidiary Shell Exploration and
Production Company on a month-by-month basis from January 1.
MAIN FACTS:
-The terms of the extension include Shell's continued usage of
the Arria NLG Engine in the Gulf of Mexico and for ongoing support
work.
-Arria and Shell are also discussing the project definition to
be included in longer term agreements for Shell's usage of the
Arria NLG Engine and associated services, on terms and conditions
to be determined.
-Shares at 0951 GMT, up 6pence, or 5%, at 138 pence valuing the
company at GBP134 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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