Arria NLG PLC Result of GM, funding update & total voting rights (9223E)

TIDMNLG

RNS Number : 9223E

Arria NLG PLC

06 November 2015

6 November 2015

Arria NLG plc ("Arria" or the "Company")

Result of general meeting, funding update and total voting rights

Arria NLG plc (AIM: NLG), a leader in the development and deployment of Natural Language Generation technologies, announces that at the Company's general meeting held earlier today, both resolutions put to shareholders were duly passed.

Pursuant to the passing of the resolutions and further to the Company's announcement of 20 October 2015, it is expected that 14,531,250 new ordinary shares of 0.1p each in the Company (the "New Ordinary Shares") - being the 14,062,500 New Ordinary Shares to be issued under the subscription agreement with Lanstead Capital L.P. ("Lanstead") and the 468,750 New Ordinary Shares as the second tranche of value payment shares due to Lanstead - will be admitted to trading on AIM at 8.00 a.m. on 9 November 2015 ("Admission"). Upon Admission, Lanstead will hold 19,687,500 Ordinary Shares, representing approximately 15.95 per cent. of the then issued share capital of the Company.

In addition, pursuant to the fundraising announced on 30 June 2015, the passing of the resolutions enables the Company to complete the issue of convertible loan notes and warrants convertible into, and exercisable over, in aggregate, 3,778,358 Ordinary Shares (the "Securities"). This number of shares relates to:

-- the final tranche of GBP0.5 million of the GBP3.75 million funding announced on 30 June 2015; and

-- the issue of 1,000,000 warrants to MSL Capital Markets Limited in connection therewith.

The Company expects to complete the issuances of the Securities in the next week.

Total voting rights

Upon Admission, the Company's issued share capital will consist of 123,416,710 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 123,416,710. This figure may be used by shareholders in the Company as the denominator 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.

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

 
Arria NLG plc                       Tel +44 (0) 20 7100 
 Stuart Rogers - Chairman and        4540 
 Chief Executive 
Allenby Capital - Nominated         Tel: +44 (0) 20 
 Adviser & Joint Broker              3328 5656 
 Nick Naylor/ Jeremy Porter/ 
 James Reeve 
MSL Capital Markets - Lead          Tel: +64 (0) 4 472 
 Manager                             2716 
 Andrew McDouall/ Justine Dunnett/ 
 Peter Lynds 
Westhouse Securities - Joint        Tel: +44 (0) 20 
 Broker                              7601 6100 
 Antonio Bossi/ Robert Finlay 
IFC Advisory - Financial PR         Tel: +44 (0) 20 
 and IR                              3053 8671 
 Tim Metcalfe/ Graham Herring/ 
 Heather Armstrong

Notes to Editors:

Arria NLG's core product is known as the Arria NLG Engine, 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 Engine is based on more than 30 years of research and development by the Data2Text Founders at the University of Aberdeen.

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGFSFFMMFISEFF

(END) Dow Jones Newswires

November 06, 2015 11:12 ET (16:12 GMT)

Arria Nlg Ords (LSE:NLG)
Historical Stock Chart
From May 2024 to Jun 2024