ARM Arm Hldgs.

LONDON--Angle PLC (AGL.LN), a medtech company, Friday announced that it will receive up to 6.2 million pounds through realizing its investment in graphics technology developer Geomerics Limited, which has been sold to ARM Holdings PLC (ARM.LN), a semiconductor intellectual property supplier.

MAIN FACTS:

-Sale completes Angle's refocusing as a specialist medtech company and makes available additional financial resources for its Parsortix non-invasive cancer diagnostics business

-GBP5.5 million is receivable immediately and the balance of GBP0.7 million is being held as a retention, payable on Dec. 12 2015

-Shares at 0817 GMT up 4.4% at 83.0 pence valuing the company at GBP36 million.

Write to Jana Weigand at jana.weigand@wsj.com

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