6th Nov 2015 16:12
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 £0.5 million of the £3.75 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 Stuart Rogers - Chairman and Chief Executive
| Tel +44 (0) 20 7100 4540 |
Allenby Capital - Nominated Adviser & Joint Broker Nick Naylor/ Jeremy Porter/ James Reeve
| Tel: +44 (0) 20 3328 5656 |
MSL Capital Markets - Lead Manager Andrew McDouall/ Justine Dunnett/ Peter Lynds
| Tel: +64 (0) 4 472 2716 |
Westhouse Securities - Joint Broker Antonio Bossi/ Robert Finlay
| Tel: +44 (0) 20 7601 6100 |
IFC Advisory - Financial PR and IR Tim Metcalfe/ Graham Herring/ Heather Armstrong
| Tel: +44 (0) 20 3053 8671 |
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.
Related Shares:
NLG.L