Beskrivning
| Land | Malta |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Sällanköp |
| Industri | Betting |
2022-05-27 08:00:00
Malta, 27 May 2022:
Reference is made to the announcements published by River Tech p.l.c. (the
"Company", and together with its subsidiaries, the "Group") on 21 February and
17 July 2019, respectively, whereby the Company announced the funding by a
convertible loan of up to EUR 15 million (the "Loan") with a 3-year duration in
view of investments undertaken by the Group.
The agreement entered into with Spinola Ventures Ltd (as "Lender"), a wholly
owned subsidiary of Mercury p.l.c. (as "Guarantor") for the convertible loan
obtained shareholder approval at an extraordinary general meeting held on 22
March 2019 (the "Agreement").
The Company has secured an extension to the Agreement which was to come to an
end in July 2022 by 12 months. The Company started early repayments in 2021 and
to date has reduced the Loan balance by more than EUR 9 million, leaving a
balance of EUR 5,922,980.64.
The extension to the Agreement translates in the following amendments thereto:
a) the Company and the Lender have agreed on a new repayment schedule for the
Loan