Allocation of warrants

On 26 April 2021, the annual general meeting of LED iBond International A/S (the “Company”) authorized the board of directors (the “Board”) to issue up to 16,470 warrants, each of which can be exercised to subscribe for twenty shares of DKK 0.05 each, i.e., up to a total of 329,400 shares.

Participants in the Company’s existing warrant program have been offered to receive warrants under the new program provided that the warrants received under the existing program are not exercised. The majority of the participants in the existing program have elected to receive warrants under the new program.

Today, the Board has therefore decided to exercise part of its authorization to issue and grant warrants (share subscription rights), and has thus issued a total of 7,034.40 warrants, each of which can be exercised to subscribe for twenty shares of nominally DKK 0.05 each in the Company, i.e. a total of 140,688 shares.

At the same time, the Board adopted the terms of the capital increases of up to nominally DKK 7,034.40 arising from the exercise of the warrants.

The allocation of warrants issued today are as follows:

Key terms:

• The strike price upon exercise is DKK 8.10 per share of DKK 0.05.
• Warrants may be exercised during a period of 3 weeks following publication of the Company’s annual, semi-annual or quarterly reports.
• Warrants can be exercised partially but no less than 300 at one time.
• Warrants must be exercised no later than 3 years from the issue and grant.
• Warrants will not be lost upon termination of employment or affiliation with the Company.
• If all warrants are exercised, the share capital of the Company shall be increased by DKK 7,034.40 upon payment of DKK 1,139,572.80 to the Company.

The complete terms and conditions applicable to the warrants are included as Appendix 2 to the Company's Articles of Association.

Further Information
Rolf H. Sprunk-Jansen, CEO
Mobile: +45 2020 3005
Email: rsj@ledibond.com

Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm
Denmark

CVR 36041609

Telephone: +45 7070 7855
E-mail: info@ledibond.com
www.ledibond.com

Certified advisor contact
Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö
Sweden

Telephone: +46 40 200 250
E-mail: ca@vhcorp.se

About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative solutions for integrating light and data, based on the company’s deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED basis available, offering a unique value proposition combining total design flexibility, full IoT integration and low total costs of ownership. LED iBond’s technology has been deployed in many projects, ranging from intelligent shelf lighting to large scale indoor illumination projects such as the installation of 3.2 kilometres of Tracy®, the company’s innovative flagship product, at DTU, the Technical University of Denmark.

Due to the data transfer capabilities, superior form factor and cooling properties of the technology platform, LED iBond is focusing on three business areas: smart buildings, UV-C disinfection and vertical farming, all projected to show significant growth in the years to come.

LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).