LightwaveRF PLC Research and Development Tax Credit Loan Facility (3936S)

TIDMLWRF

RNS Number : 3936S

LightwaveRF PLC

06 November 2019

6 November 2019

LightwaveRF plc

(AIM: LWRF)

Research and Development Tax Credit Loan Facility

LightwaveRF plc ("LightwaveRF", "Lightwave" or the "Company") the leading smart home solutions provider, announces that it has entered into an agreement to draw down a GBP0.35 million loan from Finstock Capital Limited ("Finstock"), secured against, and repayable from, Research and Development tax credits receivable.

The loan is on the same terms as the previous loan from Finstock which was announced by the Company on 11 December 2018 in its audited final results for the year ended 30 September 2018, which was repaid on 24 May 2019.

This new short-term funding provides the Company with further financing flexibility and, in particular, for the anticipated increased demand ahead of Black Friday on 29 November 2019.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

For further information:

 
 LightwaveRF plc        www.lightwaveRF.com 
  Jason Elliott, CEO     +44 (0) 121 250 3625 
  Kevin Edwards, CFO 
 Shore Capital          www.shorecap.co.uk 
  Tom Griffiths/David    +44 (0) 207 408 4090 
  Coaten 
                       ----------------------- 
 Yellow Jersey PR       www.yellowjerseypr.com 
  Charles Goodwin        +44 (0) 7747 788 221 
  Annabel Atkins 
                       -----------------------

About LightwaveRF

LightwaveRF plc ("Lightwave") is the UK's only fully integrated home automation company.

New customers typically buy a starter pack of Link Plus hub and smart dimmer which has Apple HomeKit compatibility, 2-way communication and built-in energy monitoring. Later adding other easy to install devices from the Lightwave range enables further in-home control, monitoring and automation of lighting, heating and power.

Devices may be operated manually, by smartphone or tablet-based apps and also through Google Assistant and Amazon Alexa voice control.

Leading tech industry publication 9to5 Mac describes Lightwave as "the best UK HomeKit solution for smart lighting".

For further information and "Newsletter sign up", please visit:

www.lightwaverf.com/corporate/

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