Arria NLG PLC Issue of Loan Notes (4226E)

TIDMNLG

RNS Number : 4226E

Arria NLG PLC

18 July 2016

Arria NLG plc

("Arria NLG" or the "Company")

Issue of Loan Notes

Arria NLG (AIM: NLG.L), a technology leader in Natural Language Generation ("NLG"), is pleased to announce that it has issued a further GBP545,000 of Loan Notes with 499,283 B Warrants and 999,486 C Warrants attached to existing and new investors in the Company.

Interest is payable on the Loan Notes at the Bank of England base rate (currently 0.5%) plus 5%, and is payable annually in cash or upon maturity. The Loan Notes are convertible into the Company's ordinary shares at 40p per ordinary share and are exercisable up to 31 October 2019. The Company has a right to repay the Loan Notes before maturity. The B Warrants and C Warrants are to subscribe for new ordinary shares in the Company and are exercisable up to 11 June 2019, at 12p per new ordinary share.

The proceeds of the issue of Loan Notes will be applied to the Company's general short term working capital requirements.

Following the allotment of the Loan Notes and B Warrants and C Warrants above the Company will have in aggregate the following Loan Notes and B Warrants and C Warrants in issue;

 
 Instrument                     Number 
-------------------------  ----------- 
 Convertible Loan Notes 
  (convertible at 40p)       6,725,000 
-------------------------  ----------- 
 B Warrants (exercisable 
  at 12p)                   16,670,288 
-------------------------  ----------- 
 C Warrants (exercisable 
  at 12p)                      999,486 
-------------------------  -----------

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 
-----------------------------  --------------------------------------- 
Stockdale Securities                          Tel: +44 (0)20 7601 6100 
 Joint Broker 
 Antonio Bossi 
 Robert Finlay 
-----------------------------  --------------------------------------- 
IFC Advisory                                  Tel: +44 (0)20 3053 8671 
 Financial 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                                        Tel: +1 541-326-5847 
 PR (USA)                                         Tel: +1 203-246-1304 
 Scott Beaver (West Coast) 
 Brianna Mulligan (East 
 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 founders of Arria Data2Text Limited 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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