12 May 2020
The CEO of Lleida.net launches a Stock Purchase Plan underPreferential Conditions for Employees and Providers
Madrid,12 May .- The Chief Executive Officer of Lleida.net (BME: LLN; EPA: ALLLN), Sisco Sapena, today launched an Out-of-Market Stock Sale Plan to reward employees and providers, as well as to directors and partners, for their support for the company during years.
The Loyalty Plan, named "Lleida.net 2020", comprises up to 100,000 shares, expandable to another 100,000 shares, and will be available between 12 - 29 May 2020.
By means of that mechanism, the beneficiaries will be able to acquire Lleida.net shares at 2.8 euros per share, market closing date on the MAB yesterday, and they will also carry two purchase options at the same price, which will expire in one and two years, respectively.
"We all are going through a rough time, but Lleida.net shareholders have been fortunate, due to our effort and business model, to be owners of one of the fastest growing values in Europe. Therefore, to reward the support of Lleida.net team, internal and external, we will continue to make it easier for them to invest in the company, "said Sapena.
The consideration for the shares will be made by the main shareholder of Lleida.net, from whose shareholding package the actions of the "Lleida.net 2020 Plan" are derived.
These rights can be executed as long as the following conditions occur:
- Lleida.net share price as of 12 May 2021 is 50% higher than the price of 11 May 2020.
- The share price of Lleida.net as of 12 May 2022 is 100% higher than the price of 11 May 2020
Likewise, Lleida.net announced today to the market that, given the good results achieved by the company in the past few months, and which have put the company's shares at record highs , the majority shareholder has agreed to execute the first tranche of the “Euronext Plan”.
Those who joined the Stock Sale Plan under preferential conditions when the company was listed on Euronext Growth, will be able to buy the same number of shares that they acquired at that time at the price of December 2018, when they were trading at 0.97 euros .
At the close of the market yesterday, Lleida.net shares traded on the Alternative Stock Market at 2.80 euros, and on Euronext Growth at 2.86 euros.
The current capitalization of the company exceeds 43 million euros.