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2020-03-31

Ranplan Wireless: Expansion of credit line with CEO (interim) to SEK 50 million

Ranplan Group AB has decided to expand the size of the credit line
with Per Lindberg to up to SEK 50 million from up to SEK 30 million
(as per the press release of 17 July 2019). The amendment entails no
changes to the terms and conditions: access to the credit line is
free of charge and will be available until 17 July 2024, unless the
Company assumes any other form of debt. The credit line will be used
only if no other alternative provides either equivalent or better
terms and conditions. In the event of draw-downs on this facility,
interest will be charged at a rate of 1% per month (only on the
amount actually used). This agreement has been approved by the Board
of Directors without the CEO's participation.

For further information, please contact:

Per Lindberg, CEO (interim)
Tel: +46 793407592
Per.Lindberg@ranplanwireless.com

Certified Adviser
FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, is the Company's
Certified Adviser at Nasdaq First North

About Ranplan Wireless
Ranplan Wireless is an innovative wireless technology company that has
developed the world's only solution that can plan, design and
optimise inbuilding and outdoor wireless networks in coordination.
Our solutions enable us to help an ecosystem of companies deploy the
next generation of wireless networks for a range of applications in
urban environments, supporting multiple technologies such as 4G LTE,
5G, Wifi and IoT, providing end users with an unmatched quality of
experience.

Ranplan Wireless is a subsidiary of Ranplan Group AB (Nasdaq First
North: RPLAN) whose head office is in Stockholm, Sweden. The group
operates out of offices in the UK, US and China.

www.ranplanwireless.com

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https://news.cision.com/se/ranplan-wireless/r/expansion-of-credit-line-w...
https://mb.cision.com/Main/17245/3077610/1221481.pdf

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