31 July 2020
Lleida.net starts the procedure to go out to quote in New York
Madrid, 31 July - The Board of Directors of Lleida.net (BME:LLN;EPA:ALLLN) has approved today to request from its Shareholders for the authorization to start trading in New York. If approved, the company will be listed in the OTCQX segment of the OTC Markets Group, which brings together international companies and offers access to the US investment market. Lleida.net is qualified to trade in the OTCQX as its shares are already traded in Euronext Growth, in Paris.
The company, founded 25 years ago, is listed in Madrid's Mercado Alternativo Bursátil (MAB) since 2015, and in Euronext Growth since the end of 2018. The General Shareholders' Meeting of the company will summoned to meet, using videoconferencing technologies in the middle of next month of September, where it will be able and approve its listing into the American market.
If approved, Lleida.net will become the only MAB company listed in the three markets at the same time. 'Going out to trade in the US stock market is something we have been working on since 2018.
Having access to institutional and individual investors in the U.S. market is key to a further internationalizing of our market proposition and to strengthen our trading levels,' explained Sisco Sapena, CEO and founder of the company. Lleida.net, the European market leader in the eSignature industry, offers registered electronic notification and contracting services to clients in four continents.
The company manages the digital electronic communications of the national postal services of five countries and has been granted more than 180 international patents in the eSignature discipline, including in the United States and the European Union.
More than 75 countries recognize the validity of the corporation's methods as legally valid before public administrations and courts of law.
During the first semester of 2020, it registered a pre-tax result of 341,000 euros, or 47 percent more than that registered in the same period of the previous year. During the second quarter of the year, which was characterized by an acceleration in the adoption of digital processes, the company's profit before tax amounted to 273,000 euro, or 41 percent more than during the same quarter last year.
The company's results are the outcome of a strategy of internationalization, innovation and commitment to developing new intellectual property. Last 9 June Lleida.net General Shareholders Meeting unanimously approved the first dividend distribution in the company's history.