11 June 2018
The majority shareholder of Lleida.net launches an out-of-market share sale Plan to reward its team
Madrid, May 28.- The majority shareholder of Lleida.net (BME: LLN), a technology company listed on the Alternative Stock Market, today launched a new Out-of-Market Sale Plan to reward employees, partners and suppliers.
The plan, named "Plan Lleida.net 2018", aims to reward the loyalty of employees of the company and its subsidiaries, suppliers, partners and directors.
This initiative limited to 300,000 euros in shares, will be in force between June 1 and 20, 2018.
The price at which the accumulated orders are executed will be that of the auction corresponding to June 20, 2018.
The consideration of the shares will be made by the main shareholder of Lleida.net, Sisco Sapena, from whose package of shares, the shares of the "Plan Lleida.net 2018" are derived.
“Lleida.net is a lifelong project, which would not have been possible without the support of our employees, our business partners, and of course our shareholders. Therefore, this year, as I did the previous one, I have decided to bet on all those who have bet for us,” Sapena explained.
Under this Loyalty Plan, people from this group who buy shares will acquire at the same time two purchase rights for the same amount of shares at the dates of June 20, 2019 and June 20, 2020 at the price of that auction.
These rights can be executed as long as the following conditions occur:
• The price of Lleida.net shares as of June 20, 2019 will be 50% higher than the price of June 20, 2018.
• The price of Lleida.net shares as of June 20, 2020 will be 100 % higher than the price of June 20, 2018.
• The shares bought in this operation are kept for a minimum of two years.
LLEIDA.NET 2017 PLAN IMPLEMENTATION
Likewise, Lleida.net today announced to the Alternative Stock Market that due to the good results achieved by the company since last October, and despite of the political situation in Catalonia, the shares have risen around 80 %, the majority shareholder has agreed to execute the first tranche of the "Plan Lleida.net 2017".
Those who joined the Share Sale Plan of the previous year, which included employees, suppliers and partners, may purchase the same number of shares they acquired last year at the price of June 15, 2017. Buyers will be required to maintain the shares purchased in this operation for two years.
Lleida.net is a leading company in the field of electronic notification and contracting, an operator and wholesaler in SMS solutions and is a specialist in data validation.
With offices in Lleida, Madrid, London, Miami and Bogotá and subsidiaries in Ireland, Brazil, Colombia, the Dominican Republic, Honduras, India, Chile and Guatemala, the company has agreements with more than 1,500 companies across 150 countries.
Its services are available to an estimated population of 2,900 million people over the world.
In 2017, the company had a turnover of 9.9 million euros , which represents a 23% more than previous yea and achieved a profit of 59,000 euros. Its EBITDA reached 1.3 million euros, 117% more than in 2016.
During that time, the company reduced its net debt by 23% to 2.4 million euros.
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