Company update October 04 2017
04 October 2017
Arria NLG plc
(“Arria NLG” or the “Company”)
Arria NLG plc, a leader in Artificial Intelligence and Natural Language Generation (“NLG“), is pleased to provide the following updates. This and other announcements will be made via the Company’s website and via email to subscribers of Arria NLG Investor News.
Extension of the Expiration of Formerly AIM-quoted Warrants
In a 4 July 2016 announcement (RNS number 10995D), the Company updated the market on its plans for a statutory scheme of arrangement that would result in the Arria group having a New Zealand company as the group’s holding company suitable for listing on the New Zealand Stock Exchange. These plans remain in effect and the Company will make further announcements in due course.
The 4 July 2016 announcement also disclosed the Company’s plan to extend the expiry date of its AIM-quoted warrants from 30 September 2017 to 15 March 2019.
On 28 September 2017 the Company’s Board of Directors passed a resolution confirming the extension of the expiration date of the Company’s formerly AIM-quoted warrants to 15 March 2019. Holders of the warrants will have this additional time to exercise the warrants that would otherwise have expired on 30 September 2017.
For further information, please visit www.arria.com or contact:
|Arria NLG plc – Chairperson and Chief Executive||Tel +44 (0)20 7100 4540|
|Rainmaker Securities LLC (US broker/dealer)
500 N. Michigan Avenue, Suite 600Chicago, IL 60611
|Tel: + 1(312) 254-5048|
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 Arria Data2Text Founders at the University of Aberdeen.