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Subscription for Shares and Total Voting Rights

23rd Dec 2013 07:00

RNS Number : 1784W
Arria NLG PLC
23 December 2013
 



 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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