Arria NLG PLC Capital Funding Update (8695X)

TIDMNLG

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 GBP3.75 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 GBP1 million (USD$1.56 million) of the capital funding. Arria is pleased to announce that as expected, a further GBP1.902 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 GBP2.902 million (USD$4.56 million) of the GBP3.75 million (US$6.0 million) of committed funds. The remaining GBP0.9 million is expected to be received over the coming weeks.

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 
 Nominated Adviser & Joint        3328 5656 
 Broker 
 Nick Naylor 
 Jeremy Porter 
 James Reeve 
-----------------------------  -------------------------------------- 
MSL Capital Markets -            Tel: +64 (0) 4 472 
 Lead Manager                     2716 
 Andrew McDouall 
 Justine Dunnett 
 Peter Lynds 
-----------------------------  -------------------------------------- 
Westhouse Securities             Tel: +44 (0) 20 
 - Joint Broker                   7601 6100 
 Antonio Bossi 
 Robert Finlay 
-----------------------------  -------------------------------------- 
IFC Advisory - Financial         Tel: +44 (0) 20 
 PR and IR                        3053 8671 
 Tim Metcalfe                     tim.metcalfe@investor-focus.co.uk 
 Graham Herring                   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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September 02, 2015 08:47 ET (12:47 GMT)

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