23rd Dec 2013 07:00
23 December 2013
Arria NLG plc
("Arria", the "Company")
Subscription for Shares and Total Voting Rights
Arria NLG plc (AIM: NLG), a leader in the development and deployment of Natural Language Generation ("NLG") technologies, announces the conclusion of the subscription for 281,250 ordinary shares of £0.001 each at $1.60 per share ("New Ordinary Shares") and 281,250 warrants over ordinary shares of £0.001 each (with an exercise price of £1.33) ("Warrants") by Gerald Henry for US$450,000, pursuant to the subscription agreement entered into prior to admission of the Company to AIM and as set out in its Admission Document of 29 November 2013.
Consideration for the subscription was satisfied by the conversion of US$450,000 of existing Arria loan notes which had been assigned to Gerald Henry from the note holders who are fellow shareholders, Brian Henry and Michael Mayell. As a gesture of continuing support, Gerald Henry forgave accrued interest attaching to the loan notes of US$40,323. The Company now has £50,394 of loan notes outstanding held by Gerald Henry.
Following the subscription, Gerald Henry is the beneficial holder of 6,704,722 ordinary shares of £0.001 each in the Company, representing approximately 6.54% of the issued share capital of the Company, and Warrants over 796,250 ordinary shares of £0.001 each in the Company.
Application will be made for the 281,250 New Ordinary Shares and 281,250 Warrants to be admitted to trading on AIM and admission is expected to become effective on 30 December 2013 ("Admission").
Total Voting Rights
On Admission of these shares, the total number of ordinary shares of £0.001 each in the Company in issue will be 102,562,724, with each share carrying the right to one vote. On Admission of these warrants, the total number of warrants over ordinary shares of £0.001 each in the Company in issue will be 9,852,237, exercisable at £1.33 per share, with no voting rights. The Company holds no shares in treasury. The total number of voting rights in the Company is therefore 102,562,724. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the Disclosure Rules and Transparency Rules of the UK Financial Conduct Authority.
For further information, please visit www.arria.com or contact:
Arria NLG plc Stuart Rogers Chairman & Chief Executive Officer
| Tel +44 (0) 20 7100 4540 |
Allenby Capital, Nominated Adviser and Broker Jeremy Porter Nick Naylor James Reeve
| Tel: +44 (0)20 3328 5656 www.allenbycapital.com |
Walbrook, Financial PR and IR Bob Huxford Guy McDougall | Tel: 44 (0)20 7933 8792 www.walbrookpr.com
|
Related Shares:
NLG.L