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Grant of warrants

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The Board of Directors in LED iBond International A/S has today exercised its authority to issue 30,000 warrants to the management and employees in LED iBond A/S.

The warrants are issued in accordance with section 3.3 of the articles of association. The program incentivises the management and employees and is a key element to retain and attract critical competencies.

Terms and conditions of the share-based incentive program for management and employees:

  • Grant of 30,000 warrants
  • Each granted warrant gives a right, but not an obligation, to acquire 20 shares of nominally DKK 0.05 in the company corresponding to in total 600,000 shares
  • The exercise price of each warrant is DKK 1.20 per share of DKK 0.05
  • The warrants vest immediately on the 31 December 2022
  • The warrants can be exercised ordinarily in the period 1 January 2025 to 31 December 2027
  • The company’s liquidity is unchanged
  • The warrants include conditions on accelerated right to exercise warrants in case of an exit, e.g. delisting, a takeover or merger
  • Provided that all warrants granted are exercised, the dilution effect is 2.3%.

The terms and conditions of the warrants are set out in the articles of association, which are an integral part of the company’s articles of association, which can be found on the company’s website.

Further Information

Martin Løbel, CEO
Mobile: +45 2722 6237
Email: mlo@ledibond.com

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

CVR 36041609

+45 7070 7855
info@ledibond.com
www.ledibond.com

Certified advisor

Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö
Sweden

Telephone: +46 40 200 250
Email: ca@vhcorp.se

About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and assembly technology. Our patented technology platform includes a very thin formfactor of only 6 mm for the light panels, offering a unique value proposition based on high design flexibility, robustness, IoT integration, and low total costs of ownership due to market leading energy efficiency and superior cooling properties. The technology platform also reduces the installation cost due a modular design with a limited need for traditional electrical wiring.    

LED iBond’s technology has been installed in many projects, ranging from intelligent shelf lighting to numerous large scale illumination projects such as various parking facilities and as the indoor installation of 3.2 kilometres of TRACY®, the company’s innovative flagship product, at the Technical University of Denmark.

LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Vertical Farming LED iBond’s roadmap includes lighting solutions which incorporate advanced IT management with monitoring using sensors, cameras, and plant analysis. Manufacturing takes place in Denmark in LED iBond’s own production facility with highly automated assembly lines.

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

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