Notice of general meeting to strengthen the board of LED iBond International A/S
In recent years LED iBond International A/S (“LED iBond”) has completed a transformation from a technology startup to a listed company with large and international growth ambitions.
A group of LED iBond's shareholders, representing the majority, has, in order to ensure a board with the right competencies to ensure the future growth and development of LED iBond, requested the board of directors to convene an extraordinary general meeting to elect two new boards board members, Michael Brag and Jan Dall Christensen.
To facilitate such strengthening the present chairman Bjarne Henning Jensen and board member Flemming Lindeløv have both offered to release their positions earlier than planned and will resign from the Board.
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Notice is hereby given of an
EXTRAORDINARY
GENERAL MEETING
in
LED iBond International A/S
Reg. no. 36041609
(the “Company”)
to be held electronically on 6 December 2021, at 15 o’clock with the following
Agenda:
1. Election to the Board of Directors
2. Authorisation
In accordance with section 5.6 of the Articles of Association the Board of Directors will appoint attorney-at-law Peter Mollerup as chairperson of the general meeting.
RE 1. Election to the board of directors
It is suggested to elect Michael Brag and Jan Dall Christensen to the Board of Directors.
In accordance with the section 120(3) of the Danish Companies Act information on the two candidates’ other management positions will presented at the general meeting.
Bjarne Henning Jensen and Flemming Bent Lindeløv will resign from the board.
The Board of Directors is constituted immediately after the general meeting.
RE 2. Authorisation
It is proposed to authorize the chairperson with right of substitution to apply for registration of adopted proposals with the Danish Business Authority.
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Electronic general meeting
The extraordinary general meeting is held as an electronic general meeting in accordance with section 8 of the Company's Articles of Association.
Electronic participation in the general meeting will take place via a portal facilitated by VP Securities A/S. Shareholders who wish to participate in the electronic general meeting must request to participate in accordance with the time limit for ordering admission cards in section 7.2 of the Articles of Association Thursday 2 December 2021, at 23.59.
Registration
A shareholder with the right to attend and vote in accordance with section 7.1 of the Articles of Association is entitled to attend the general meeting when the shareholders has registered no later than Thursday 2 December 2021, at 23.59 o’clock.
Registration can be done:
• via VP Securities A/S' website, www.vp.dk/gf.
A shareholder or a proxy holder may attend the general meeting with an adviser if participation has been requested for the adviser.
Confirmation of registration will be sent via e-mail to the e-mail address provided by the shareholder in connection with registration.
Information on the procedure in connection with electronic participation, links to the portal, and information on minimum requirements for the electronic systems used will be sent prior to the general meeting via e-mail to shareholders who have registered for the general meeting.
VP Securities A/S’ portal can be accessed via smartphone, tablet or computer. The portal allows the shareholder to follow the extraordinary general meeting as well as ask questions and cast votes during the live webcast.
Each shareholder is responsible for ensuring that the shareholder has a smartphone, tablet or computer with an Evergreen browser (Edge, Chrome, Firefox or Opera) and that the shareholder at the time of the general meeting has a sufficient and functional Internet connection.
As voting and communication at the general meeting takes place electronically, delays may occur on the electronic lines. In the extreme, these delays can last up to a minute. The Company does not assume responsibility for a shareholder's questions, comments, amendments or votes cast being received in a timely manner to be considered at the relevant agenda item.
Proxy / postal vote
If you wish to vote by proxy or postal vote, the proxy/postal vote must be sent electronically to vpinvestor@vp.dk and be received no later than Thursday 2 December 2021, at 23.59 o’clock.
Adoption requirements
Adoption of the proposals under item 1 and 2 of the agenda requires a simple majority, cf. section 7.4 of the Articles of Association and section 105 of the Companies Act.
The size of the share capital and voting rights
The company's share capital amounts to nominally DKK 793.241,25 divided into shares of DKK 0.05. Each share of DKK 0.05 gives one vote at the general meeting, cf. section 7.3 of the articles of association.
The right to attend and vote at the extraordinary general meeting on 16 March 2021 belongs to shareholders who, on the registration date, Monday 29 November 2021 (at 23:59), are listed as a shareholder in the register of shareholders, cf. section 7.1 of the Articles of Association.
Additional information
The notice, an overview of the total number of shares and voting rights on the date of the notice and the documents that may be presented at the general meeting, including the agenda with the complete proposals, will be available on the Company's website www.ledibond.com (Investors) from 15 November 2021. At the same time the forms to be used for proxy or postal voting, will be made available at the website.
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The two board candidates have both shown results under highly competitive conditions, and they can support LED iBond's desire to exploit new opportunities based on new technologies and go-to-market strategies with a consequent sound financial result.
Michael Brag holds a Master of Science, Economics, and is an experienced business leader with an international focus. His career includes management positions in technology, service sector and financial service sectors, both listed and non-listed, as well as board positions in internationally oriented companies. Michael is the CEO of I/S Ejendomsinvest, which is the operational unit under Proark Group ApS, where Michael is chairman of the board and of the boards of all Proark Group's companies. In addition, Michael is a member of the board of directors of Alvis Fund SICAV SIF and chairman of LED Aviation A/S. Michael is expected to take over the role of chairman after Bjarne Henning Jensen.
Jan Dall Christensen holds a Bachelor of Science, Electrical Engineering and Software, Graduate Diploma in Business Administration, and is an experienced business leader with an international focus. His career includes leading positions in Denmark and abroad in international knowledge-intensive production companies and he owns and operates his own companies within high-tech computer vision for inspection and quality control of items within a number of industries. In addition to being a member of the board of his own company, JLI vision A/S, Jan is a member of the board of Levitate Technology ApS.
We thank Bjarne Henning Jensen and Flemming Lindeløv for their work, which has supported and strengthened LED iBond in the phase from a technology startup to a listed company. We wish them all the best in the future.
Further Information
Lars Frederiksen, Member of the Board of Directors
Mobile: +45 28 14 02 94
Email: lfr@ledibond.com
Pia Stangerup, CEO
Mobile: +45 5117 6701
Email: pst@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 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 key business lines: Smart Building, UV 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).