Print   



08 January 2010

LED International Holdings Limited

("LED" or the "Company")

Director's Dealings, Exercise of Convertible Loan Notes and Exercise of Management Share Options

Director's Dealing

The Company was informed, on 5 January 2010 that, on 5 January 2010 Mr. Thomas Li, LED's Chairman, acquired, from his brother, Mr. Lee Man Bun, 16,025,000 ordinary shares in the Company (the "Ordinary Shares") at a price of HK$0.12 (£0.01) per Ordinary Share, representing 6.37 per cent. of the Company's issued share capital as enlarged by the exercise of convertible loan notes and the exercise of management share options, both of which are described below (the "Enlarged Share Capital"), demonstrating his confidence in the company's future prospects.

Exercise of Convertible Loan Notes

On 4 January 2010, Mr. Li had exercised his rights under a Loan Note Instrument and Subscription Agreement dated 8 September 2009 to convert HK$8,500,000 (approximately £685,000) Loan Notes into 37,845,058 Ordinary Shares, representing 15.04 per cent. of the Enlarged Share Capital, at a conversion price of approximately HK$0.22 (1.80 pence) per Ordinary Share. 

Exercise of Management Share Options

The Company has been informed that various members of the Board have exercised their management share options, as follows:

The Company was informed on 2 January 2010 that, on 2 January 2010, Mr. Stephen Chan, LED's Chief Financial Officer, exercised his share options over 4,363,539 Ordinary Shares, representing 1.73 per cent. of the Enlarged Share Capital, awarded to him on 18 May 2009, at a price of HK$0.10 (approximately £0.01) per Ordinary Share. Mr. Chan does not retain options over any other Ordinary Shares. 

Further, the Company was informed on 4 January 2010 that, on 4 January 2010, Mr. Allan Leung, exercised his share options over 15,272,388 Ordinary Shares, representing 6.07 per cent. of the Enlarged Share Capital awarded to him on 3 June 2009, at a price of HK$0.10 (approximately £0.01) per Ordinary Share. The shares will, however, be registered under the names of Mr. Chan Kwan Yung, Mr. Thomas Li and Ms. Angel Yeung as nominees. Mr. Leung does not retain options over any other Ordinary Shares.

The directors of the Company are interested in 58,233,597 Ordinary Shares, representing 23.14 per cent of the Issued Share Capital as enlarged by such actions. The Issued Share Capital now consists of 251,658,489 Ordinary Shares.

Application for the admission to trading on AIM of 57,480,985 Ordinary Shares has been made, with admission expected to occur on 15 January 2010.

**Ends**

For further information:

LED International Holdings Limited
Dennis Ow, Deputy Chief Executive Officer	+852 2810 4470
Strand Hanson Limited
James Harris / James Spinney	+44 (0) 207 049 3494

Notes to Editors:

LED International Holdings Limited and its subsidiaries specialise in the development, manufacture and sale of low powered / low maintenance LED screens and other LED products such as outdoor signs, lamps, lighting and building illumination. The screens are manufactured in a 'building block' format to a specific design, which allows screens to be assembled to suit a customer's size and definition specifications.

This design also ensures that the screens are relatively easy to transport and assemble. Based in Hong Kong, the Company's primary market has been the People's Republic of China ('PRC'), but it has also supplied end products to Macau, Japan and the USA. Part of the Company's strategy in 2007 was to widen its customer base to markets outside PRC.

The Company was originally listed on AIM, a market operated by the London Stock Exchange, on 23 October 2006. For more information, please visit: http://www.led-intl.com

ENDRDSBLGDBDXGBGGI