LED iBond issue convertible loans for a total of DKK 10.7 million

COMPANY ANNOUNCEMENT NO. 92

Pursuant to the authorization from the extraordinary general meeting held 16 January 2024, the board of directors have decided to issue convertible loan notes for a total of DKK 10,735,353.19 or multiples hereof plus accrued interest without pre-emption right for existing shareholders. The loan notes may, in aggregate, upon conversion into shares of the Company, convert into up to nominal DKK 1,875,000 corresponding to 37,500,000 shares of the Company.

By conversion of the loan notes there will be paid DKK 0.35 for each share of nominal DKK 0.05, equaling a subscription price of DKK 700.

In consequence of the decision to issue the convertible loans the board of directors has also adopted a resolution regarding the appurtenant capital increase of up to a total of DKK 1,875,000 corresponding to 37,500,000 new shares in the event of conversion. The Company's existing shareholders shall have no pre-emption right to shares issued in connection with such conversion.

The new shares issued based on conversion of the convertible loan notes shall be negotiable instruments, issued in the name of the holder and registered in the name of the holder in the Company's shareholder register. The new shares shall not have any restrictions as to their transferability and no shareholder shall be obliged to have the shares redeemed fully or partly. The shares shall be with the same rights as the existing shares in the Company. The new shares shall give rights to dividends and other rights in the Company from the time of registration of the capital increase with the Danish Business Authority.

The specific terms regarding the convertible loan note(s) and the appurtenant capital increase(s) have been adopted as set forth in the indenture attached as appendix 3.8 to the Company's articles of association, which are available on the Company's website.

The authorisation has been fully exercised.

Further Information

Martin Løbel, CEO
Mobile: [phone]
Email: [e-mail]

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

CVR 36041609

[phone]
[e-mail]
www.ledibond.com

Certified adviser

Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö
Sweden

Telephone: [phone]
Email: [e-mail]

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 to 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's has also developed software-based advanced light management systems for control of lighting solutions.

LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Indoor and Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Indoor and Vertical Farming segments, 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).

https://news.cision.com/led-ibond/r/led-ibond-issue-convertible-loans-for-a-total-of-dkk-10-7-million,c3922851

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