Arria NLG PLC Update on issue of convertible notes & warrants (1498G)

TIDMNLG

RNS Number : 1498G

Arria NLG PLC

18 November 2015

Arria NLG plc

("Arria" or the "Company")

Update on issue of convertible loan notes and warrants

The Board of Arria (AIM: NLG), a leader in the development and deployment of Natural Language Generation technologies, announces that following the announcement on 6 November 2015, Arria has completed the issue of GBP3.33 million of the GBP3.75 million in convertible loan notes and associated warrants announced on 30 June 2015 (the "June Fundraise"). The balance of GBP0.42 million was underwritten by MSL Capital Markets Limited ("MSL"), the lead manager on the fundraising, and Arria is discussing with MSL how they will complete their underwriting obligation. Further updates will be announced in due course.

The number of warrants to be issued as part of the June Fundraise is calculated on the basis of two warrants to every US dollar subscribed in loan notes and is therefore dependent on the US dollar exchange rate against sterling. The Company confirms that the GBP3.33 million in proceeds received to date from the June Fundraise has resulted in the issue of 11,585,476 B warrants, the terms of which are set out in the Company's announcement on 30 June 2015. This includes 1,000,000 B warrants that have been issued to MSL pursuant to the June Fundraise and as announced on 6 November 2015. The B warrants are not admitted to trading on any stock exchange and are in addition to the 10,085,533 warrants already in issue and traded on AIM.

As a result of the above issue of GBP3.33 million of loan notes in the June Fundraise, the Company now has a total of GBP4.562 million of convertible loan notes outstanding, which are convertible into 11,405,000 new ordinary shares in the Company.

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

 
Arria NLG plc                   Tel: +44-20-7100-4540 
 Stuart Rogers - Chairman        ext 1040 
 & Chief Executive 
Allenby Capital - Nominated     Tel: +44 (0) 20 3328 
 Adviser & Joint Broker          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 -          Tel: +44 (0) 20 7601 
 Joint Broker                    6100 
 Antonio Bossi / Robert 
 Finlay 
IFC Advisory - Financial        Tel: +44 (0) 20 3053 
 PR and IR                       8671 
 Tim Metcalfe / Graham Herring   tim.metcalfe@investor-focus.co.uk 
                                 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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November 18, 2015 06:54 ET (11:54 GMT)

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