Arria NLG PLC Subscription to raise £408,270 (9692D)

TIDMNLG

RNS Number : 9692D

Arria NLG PLC

04 February 2015

4 February 2015

Arria NLG plc

("Arria NLG" or the "Company")

Subscription to raise GBP408,270

Arria NLG (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, is pleased to announce that the Company has raised GBP408,270, before expenses, by way of a subscription to 1,166,486 new ordinary shares of 0.1p each (the "Subscription Shares") at a subscription price of 35p per share (the "Subscription"). The Subscription Shares have been subscribed for by existing shareholders of the Company and the Subscription has been carried out within the Company's existing share authorities. The proceeds will be used for general working capital purposes.

Under the terms of the Subscription, the Company has granted one warrant (the "Warrants") for every five Subscription Shares acquired under the Subscription. Accordingly, a total of 233,296 Warrants will be issued. The Warrants have an exercise price of 133p each, are exercisable at any time up until 30 September 2017 and have the same terms as the existing warrants currently in issue and admitted to trading on AIM.

The Subscription is conditional only upon admission of the Subscription Shares and the 233,296 Warrants to trading on AIM ("Admission"). Application has been made for Admission and it is expected that the Subscription Shares and Warrants will commence trading on AIM on or around 9 February 2015.

Following the Subscription, the Company's issued share capital now consists of 103,729,210 ordinary shares of 0.01p each, with one voting right each, and 10,085,533 warrants over Ordinary Shares, with no voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company is 103,729,210. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Stuart Rogers, Chairman and Chief Executive of Arria NLG, commented: "With the signing of six new commercial agreements in the past six months, in the areas of insurance, banking, agriculture, aviation, oil & gas services and cognitive technology, it is gratifying to have the continuing support of our existing shareholders. Arria's client base is expanding along with its product solutions, and we appreciate the support of our shareholder base."

For further information, please visit www.arria.comor contact:

 
 Arria NLG plc                                Tel +44 (0) 20 
  Stuart Rogers, Chairman and Chief                7100 4540 
  Executive 
 Allenby Capital, Nominated Adviser           Tel: +44 (0)20 
  and Joint Broker                                 3328 5656 
  Jeremy Porter / James Reeve 
 Westhouse Securities, Joint Broker          Tel: +44 (0) 20 
  Antonio Bossi / Robert Finlay                    7601 6100 
 Walbrook, Financial PR and IR                Tel: +44 (0)20 
  Bob Huxford / Guy McDougall                      7933 8792 
                                        arria@walbrookpr.com

This information is provided by RNS

The company news service from the London Stock Exchange

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