18 September 2018
The Board of Directors of Lleida.net (BME: LLN) take the first step to be listed on Euronext
Madrid, September 18.- The Board of Directors of Lleida.net (BME: LLN) approved yesterday afternoon to request to its Shareholders' Meeting to apply for approval to be listed on Euronext in the upcoming months.
The Board will have an Extraordinary Meeting to approve, if it were the case, the debut to the European market through dual listing. After a successful flotation in the European stock exchange, the company will continue to be listed in the Spanish Alternative Stock Market (MAB). If approved, Lleida.net will thus become the only MAB company listed on both markets at the same time.
The market in which the titles of Spanish technology will be exchanged will be Euronext Growth. "Euronext is a market and a convenient technological platform for a company of the nature and size of Lleida.net, and we believe that to be quoted will give us access and greater visibility to international capital flows," Sisco Sapena, CEO and founder of the company explained.
"From now on, our company will be quoted in the MAB and in Euronext Growth. MAB is the market where we have reached maturity as a listed company and we fully intend to continue trading in Madrid indefinitely, "added Sapena.
Euronext Growth is the Euronext market that allows small and medium enterprises to access European capital. As a multilateral trading platform, it allows to operate simultaneously in the Paris, Lisbon and Brussels stock markets.
Lleida.net, listed in MAB since 2015, registered during the first half of the year 6.2 million euros of sales, an increase of 34% over 2017.
Staring next September 24, it will be listed on the IBEX MAB 15 Index which is composed of the 15 companies with the highest volume of contracting in the MAB , after the last review made by the Technical Advisory Committee of the IBEX Index on 13 Sept..
The IT company, specialized in registered electronic services, currently has more than 70 patents granted in the United States, Japan, Colombia, Australia, Israel, South Africa or the Gulf Cooperation Council, which unites Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
At yesterday's closing, the market value of Lleidanet shares were exchanged at 1.03 euros which represents a stock capitalization of 16.05 million euros.
Ramón Pedrosa (Bracken IR)
Tel. 0034 672129922
This press release contains statements regarding the future of Lleida.net and its innovations. These statements regarding to the future may be accompanied by words such as "anticipate", "believe", "estimate", "wait", "predict", "pretend", "power", "plan", "potential", the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company's commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise.