Credit line of up to SEK 30 million established with current member of the board and designated interim CEO
Ranplan Group AB has today entered into a credit line agreement of up to SEK 30 million, designed to offer scope for further expansion, with Per Lindberg current member of the board and designated interim CEO. Access to this credit line is free of charge and will be available for five (5) years, 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 Per Lindberg's participation.
For further information, please contact:
Alastair Williamson, CEO
Tel: +44 7824 997 689
FNCA Sweden AB, +46(0)8-528 00 399 email@example.com, 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.