Malta, 26 December 2025
River Tech plc (the "Company") is pleased to publish this strategic and
operational update to shareholders, highlighting recent progress.
The Company has entered into a non-binding letter of intent ("LOI") with Vinn
Online Ltd (a Maltese registered company) in respect of the contemplated
acquisition of its Norwegian and Finnish business, centred around the vinn.com
operation. The LOI sets out the parties' intention for all assets and agreements
required to operate vinn.com as a going concern in the Norwegian and Finnish
markets.
Under the envisaged structure, Vinn Online Ltd is in its final stages of
obtaining a Malta Gaming Authority B2C licence, following which the Company
would acquire 90% of the shares in Vinn Online Ltd, subject to the satisfaction
of customary conditions precedent, including completion of the asset transfers
and regulatory approvals.
The LOI contemplates signing of a definitive share purchase agreement by the end
of February 2026, with closing to occur upon fulfilment of the agreed
conditions. The Company will keep the market updated with developments.
For further information please contact:
Luke Ciantar, CEO RIVER TECH
Email: investors@river.tech
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/