LED iBond publishes prospectus and initiates rights issue

TUE, MAR 16, 2021 15:35 CET

Further to company announcement no. 14, 22 February 2021, and the resolutions by the extraordinary general meeting of LED iBond International A/S (LED iBond) today as described in company announcement no. 18, the company’s Board of Directors have resolved to initiate a rights issue for 3,172,965 new shares at a ratio of 1:4, i.e. 4 subscription rights for 1 share, and an issue price of DKK 18 per share.

Key terms of the offering

  • The offering is for 3,172,965 new shares with preferential rights for existing shareholders.
  • For each existing share, one subscription right will be allocated.
  • Four subscription rights will entitle the holder to subscribe for one new share at the issue price of DKK 18 per share.
  • Gross proceeds from the offering, if fully subscribed, is DKK 57.1 million.
  • Subscription undertakings of DKK 8.9 million and underwritings of DKK 36.8 million have been obtained, corresponding to 80% of the offering.
  • The subscription period is 6 April –19 April 2021.

Revised subscription period for the offering

As stated above, the previously announced subscription period for the offering has been rescheduled to the period 6 April – 19 April 2021.

Prospectus

A prospectus with detailed information on LED iBond and the offering is available, subject to certain restrictions, on the company’s website at this URL:

https://ledibond.com/wp-content/uploads/2021/03/LED-iBond-International-Prospectus-rights-issue.pdf

Apart from information that is incorporated into the prospectus by reference, the contents of the website of the company does not form part of the prospectus.

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).

LED iBond publishes prospectus and initiates rights issue