Arria NLG PLC Grant of Share Options (3752K)
December 30 2015 - 2:00AM
UK Regulatory
TIDMNLG
RNS Number : 3752K
Arria NLG PLC
30 December 2015
30 December 2015
Arria NLG plc
("Arria NLG" or the "Company")
Grant of share options
Arria NLG (AIM: NLG), a leader in the development and deployment
of Natural Language Generation ("NLG") technologies, has yesterday
granted, under the Company's long term incentive plan (the "LTIP"),
options to purchase up to 4,550,000 ordinary shares of the Company
at an exercise price of GBP0.001 per share (the "LTIP Options").
The four recipients who are US taxpayers will receive their option
grants as of 1 January 2016. The awards are being made to senior
members of the Company's management team to acknowledge outstanding
personal contributions and achievement. Participants in the LTIP
include the Company's three chief scientists, Dr. Robert Dale, Dr.
Ehud Reiter and Dr. Yaji Sripada, and a director of the Company,
Wayne Thornhill, Chief Financial Officer.
The awards are made as Restricted Stock Units under the LTIP,
details of which were set out in the Company's AIM Admission
Document dated 5 December 2013, and will represent approximately
1.1 per cent. of the Company's issued share capital. 42 per cent.
of the LTIP Options (1,903,958 shares) are fully vested upon the
date of the award and the balance of the LTIP Options (2,646,042
shares) will be subject to Company success criteria and will vest,
if at all, progressively over the next two years. The performance
criteria are divided between a Company revenue target and
individual executive performance conditions, as determined by the
Company's Remuneration Committee.
Executive Director and Chief Financial Officer Wayne Thornhill
has been granted 1,500,000 LTIP Options, representing approximately
0.4 per cent. of the issued ordinary share capital, and therefore
Mr Thornhill now holds options over a total of 1,850,000 ordinary
shares of the Company.
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 3328 5656
Nominated Adviser &
Joint Broker
Nick Naylor
Jeremy Porter
James Reeve
----------------------------- ---------------------------------------
MSL Capital Markets Tel: +64 (0)4 472 2716
- Lead Manager
Andrew McDouall
Justine Dunnett
Peter Lynds
----------------------------- ---------------------------------------
Westhouse Securities Tel: +44 (0)20 7601 6100
- Joint Broker
Antonio Bossi
Robert Finlay
----------------------------- ---------------------------------------
IFC Advisory - Financial Tel: +44 (0)20 3053 8671
PR and IR tim.metcalfe@investor-focus.co.uk
Tim Metcalfe graham.herring@investor-focus.co.uk
Graham Herring heather.armstrong@investor-focus.co.uk
Heather Armstrong
----------------------------- ---------------------------------------
Ruder Finn - PR (USA)
Scott Beaver (West Coast) Tel: +1 541-326-5847
Brianna Mulligan (East Tel: +1 203-246-1304
Coast)
----------------------------- ---------------------------------------
Arria NLG
Arria NLG's core product is known as the Arria NLG Platform, 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 Platform is based on
more than 30 years of research and development by the Data2Text
Founders at the University of Aberdeen. For additional information,
visit www.arria.com. Follow Arria NLG on Twitter, LinkedIn, Google+
and YouTube.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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