Allocation of warrants to CEO and a key employee

Today, LED iBond International A/S’ board of directors has decided to issue warrants to its CEO and a key employee of the company’s subsidiary LED iBond A/S.

The warrants are issued on the following terms:

• 1,500 warrants are issued to the CEO of LED iBond International A/S and 1,000 warrants to the key employee of LED iBond A/S.
• The warrants carry the right to subscribe for up to 50,000 new shares in the company at a nominal value of DKK 0.05 per share.
• The warrants will vest over 24 months with 1/24 per month.
• The strike price upon exercise is DKK 8.10 per share of DKK 0.05.

The purpose of the issue is to maintain the employment of professional and valuable resources in the company and its subsidiaries, and to provide an incentive for them to make a special effort for the value creation of the company.

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