16 September 2020
Lleida.net's CEO to equate shareholders as partners by launching a purchase plan for the company's listing in New York
Madrid, 16 September -Lleida.net's (BME:LLN; EPA:ALLLN) CEO, Sisco Sapena, has announced today an off-market Share Purchase Plan on the occasion of its IPO in the New York OTC Markets.
All the company's shareholders are for the first time invited to join the Plan, and they are now considered "strategic partners".
With a total limit of four million euros, the aim of the Plan is to thank the shareholders, employees, providers and directors for their support of the company since it began trading on the MAB in 2015.
"The shareholders have played a key role in the development of our company in recent years. We have listened to them. With their opinions, support and advice, we have become one of the main stock market success stories all over the world", explained Sapena. "The decision to include them in this Loyalty Plan is also a recognition to all of them, and specially to the solid base of retail investors who have never stopped supporting us", he added.
This is the first time that a Lleida.net Loyalty Plan, the fourth the CEO has launched since the initial IPO of the company, is opened to the company's shareholders.
The Loyalty Plan, called "Lleida.net-OTC" entails attendees to acquire shares at the price of 14 September 2020, when its flotation to OTC was approved, plus two purchase options.
Those options will be effective if Lleida.net share price on 15 September 2021 is 50% higher than on 15 September 2020 price, and if Lleida.net share price on 15 September 2022 at market closing is 100% higher than that day's price. It includes up to 434.000 shares, and it will be available between 16 September and 9 October 2020.
Interested shareholders can access the plan with a minimum purchase of 50 shares. As for the beginning of this year, the company's shares have appreciated by 800%.
The company, which celebrates its 25th anniversary this year, approved last Monday its IPO in New York, which will be its third listing, after BME Growth and Euronext Growth.
At yesterday's closing, Lleida.net shares were quoted in the Alternative Stock Market at 8.95 euros, and in Euronext Growth at 9.10 euros.
The stock market capitalization of the company already exceeds 140 million euros.