7 May 2020
Lleida.net trebles its liquidity in Euronext Growth with 50,000 treasury shares
Paris, May 7.- The technology services company Lleida.net (EPA: ALLN; BME: LLN) has treble its liquidity in Euronext Growth through a transfer of shares to its liquidity provider in Paris.
The strong interest in European shareholders in recent weeks together with the high trading volumes registered, have forced to increase the number of shares outstanding in the pan-European stock exchange.
Thus, Lleida.net has disposed 50,000 further shares of its treasury stock.
“It is important for us to provide liquidity to the French market and to be able to accommodate a larger number of European investors among our shareholders," explained Sisco Sapena, CEO and founder of the company.
Lleida.net's liquidity provider on Euronext is Invest Securities, which has been operating since 2006.
The market capitalization of the technology company amounts to 34.99 million euros in Euronext Growth and in the Alternative Stock Market (MAB) in Spain. Currently, it is quoted in both markets at 2.18 euros.
Since the beginning of the year, the company's shares have been revalued 122 percent.
To date, Lleida.net is the company that has increased the most in the Spanish MAB so far this year and it is ranked among the top ten on the European stock market.
This week, the company announced a new contract for registered electronic contracting and notification services with the Spanish subsidiary car rental company ALD Automotive (EPA: ALD), belonging to the Société Générale Group (EPA: GLE).
Lleida.net operates with subsidiaries in 19 countries around the world and has signed connectivity agreements with more than 1,500 companies worldwide, rendering service to customers in over 150 countries.
Its services are recognized as legal evidence by administrations and courts over 70 countries around the world.
By the end of January, the company celebrated it 25 years.