River Tech p.l.c. announced that it has entered into an agreement with Kahl Limited for a private placement of 435,540 shares at an issue price of €5.74 per share for gross proceeds of €2,500,000 on August 30, 2021. The transaction is subject to the approval of shareholders of the company in its extraordinary general meeting expected to be held mid-October 2021to waive the right of pre-emption of existing shareholders and to authorize the Company's board of directors to issue and allot shares. The securities to be issued pursuant to the transaction are subject to the hold period of 180 days from the date of issue.