Lleida.net Unveils Employee Share Sale Plan for Growth
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Lleida.net Launches New Share Sale Plan for Stakeholders
Sisco Sapena, the dynamic CEO and founder of Lleida.net (OTCQX: LLEIF) (BME: LLN) (EPA: ALLLN), is steering the company into an exciting new chapter with the introduction of the Off-Market Share Sale Plan. This initiative is designed to enrich the experience of employees, partners, and shareholders, especially after the positive results the company has achieved over the last three quarters.
Introducing Plan Lleida.net 2024
The plan, aptly named Plan Lleida.net 2024, is a strategic move aimed at further consolidating the confidence that has been rekindled in the company's performance within the market. Not only does this plan represent a strategic follow-up to the Restructuring Plan unveiled in late 2023, but it also highlights Lleida.net's commitment to rewarding those who have stood by the company through thick and thin.
Share Purchase Opportunities
With a limited tranche set between 100,000 and 200,000 shares, the plan will be active from September 3 to 23 in the coming year. During this period, current investors and employees will have an opportunity to purchase shares privately from the largest shareholder. They can also gain four additional purchase rights for the equivalent number of shares bought at the auction price, which stood at €1.145 per share on August 27, 2024.
Details of the Purchase Options
The warrants under this plan can be exercised based on specific growth thresholds, allowing shareholders to reap the benefits as the company evolves. Options include:
- The first option is available from September 24, 2024, to September 2, 2026, when the share price exceeds 25% of the price on September 2, 2024.
- The second option can be exercised under similar terms when the price exceeds 50% of the September 2 price.
- The third and fourth options provide escalating benefits based on continued price increases, encouraging investor confidence and participation.
A Message from the CEO
Sisco Sapena expressed heartfelt sentiments regarding the plan, stating, "The last two years have been tough for the company and its shareholders, so I wanted to establish a plan that brings wide-ranging benefits to all. We are all in this boat together." This statement embodies the spirit of unity that Sapena has instilled within Lleida.net, and it reflects a strong commitment to shareholder relations.
Lleida.net's Growth Journey
Founded in 1995, Lleida.net has established itself as a prominent player in the electronic notifications, contracting, and signature industry. The company has obtained over 300 patents across 60 countries, signifying its robust commitment to innovation. A recent report found that the company achieved sales of €9.57 million in the first half of 2024, marking a 10% increase from the same period in 2023. Furthermore, its EBITDA soared to 1.43 million euros, an astounding 458% increase compared to the previous year, demonstrating the company's resilience and growth potential.
Looking Ahead
As Lleida.net looks to the future, it remains steadfast in enhancing its market position. It is present on various stock exchanges, including BME Growth in Madrid, Euronext Growth in Paris, and OTC Markets in New York and Frankfurt. The new share sale plan is an exciting opportunity for both employees and shareholders to participate actively in the company's journey and growth.
Frequently Asked Questions
What is the purpose of the Off-Market Share Sale Plan?
The plan aims to reward employees and shareholders following Lleida.net's strong performance over recent quarters.
How can employees and shareholders participate in the plan?
Participants can purchase shares privately and gain additional purchase rights during a specified timeframe.
What are the key dates for the Plan Lleida.net 2024?
The plan is effective from September 3 to 23, 2024, with options exercisable from September 24, 2024, onwards.
What financial results has Lleida.net achieved?
In the first half of 2024, the company reported sales growth of 10%, with a significant increase in EBITDA and operating income.
Why is Sisco Sapena emphasizing unity among stakeholders?
Sapena believes in fostering a strong connection with employees and shareholders to navigate challenges and celebrate successes together.
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