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| Land | Malta |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Sällanköp |
| Industri | Betting |
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2026-03-20 18:46:14
Malta, 20 March 2026:
Reference is made to previous announcements made by River Tech p.l.c. (the
"Company") dated 12 and 19 March 2026.
On 20 March 2026, River Tech p.l.c. was informed that a resolution had been
passed by the board of directors of its subsidiary, River Technologies Limited
(the "Subsidiary"). Through this resolution, the Subsidiary's board resolved
that the Subsidiary should file an application before the Maltese Courts for its
dissolution and consequential winding-up in accordance with Article 214 of the
Companies Act (Chapter 386 of the laws of Malta) (the "Companies Act"). This
decision was taken in light of the impact that the freezing order issued in
respect of Subsidiary's operational bank account (the "Order"), which is
described more fully in the aforementioned announcements, had on the
Subsidiary's solvency and its ability to pay its debts as they fall due.
At an extraordinary general meeting of the Subsidiary convened for this purpose,
the Company, as the sole shareholder of the Subsidiary, after having duly
considering the Subsidiary's financial position also resolved in writing to file
an application for the Subsidiary to be dissolved and consequently wound-up by
the Court in accordance with Article 214 of the Companies Act.
Following careful consideration of these matters and of the Company's own
financial position, the board of directors of the Company met on 20 March 2026
and resolved that an application be filed for the dissolution and consequential
winding-up of the Company by the Court in accordance with Article 214 of the
Companies Act.
The Company has instructed its lawyers to file dissolution and winding up
proceedings in the Courts of Malta. Further updates will follow as the matter
progresses.
For further information please contact:
Email: [email protected]
About RIVER TECH: RIVER TECH P.L.C. is a technology company offering a B2B
technology product. Focusing on assisting companies with specialist
competencies, by providing secure and tailormade, yet user-friendly solutions,
for the delivery of services within the online sphere. RIVER TECH P.L.C. is
registered in Malta and is listed on Euronext Growth under the ticker symbol
"RIVER".
For more information about RIVER TECH P.L.C: https://www.river.tech/
* * *
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to the Euronext Growth Oslo Rule Book Part II and as mandated by Financial
Supervisory Authority of Norway (Finanstilsynet) pursuant to MAR in Norway.
This stock exchange announcement was published by Rachel Mifsud Bonnici, Chief
Legal & Compliance Officer of River Tech plc on 20 March 2026 at 18:46 hours
CET.