Lleida.net covers 100% of its newest private purchase plan, in a transaction of more than 225,000 euros

Rhea-AI Summary

Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) has successfully closed its 'Lleida.net 2024 Private Purchase Plan', launched by CEO Sisco Sapena. The plan covered 200,000 shares at €1.145 each, totaling €226,356. Shareholders received one share and four call options exercisable over two years at the same price. Sapena remains the largest shareholder with 34.64% control.

In H1 2024, Lleida.net reported sales of €9.57 million, up 10% from H1 2023. The company's EBITDA reached €1.43 million, a 458% increase year-over-year. These improvements are attributed to structural changes implemented in late 2023 and early 2024. Lleida.net, listed since 2015, is present on BME Growth, Euronext Growth, OTC Markets, and Frankfurt. The company has over 300 patents in 60 countries for its electronic signature and notification innovations.

Positive

• Successfully closed 'Lleida.net 2024 Private Purchase Plan' worth €226,356
• H1 2024 sales increased by 10% to €9.57 million compared to H1 2023
• EBITDA for H1 2024 grew by 458% to €1.43 million year-over-year
• Structural changes implemented in late 2023 and early 2024 showing positive results
• Company holds over 300 patents in 60 countries for electronic signature and notification innovations

Negative

• None.

Madrid, September 24th - The Spanish listed company Lleida.net (BME:LLN) (EPA:ALLN) (OTCQX:LLEIF) has successfully closed 100% of the “Lleida.net 2024 Private Purchase Plan”, launched by its CEO, Sisco Sapena, to reward the loyalty of employees, shareholders and partners of the company.

The private purchase plan has covered the total of 100,000 initial shares, and 100,000 additional shares, at a price of 1.145 euros.

The total amount of the transaction is 226,356 euros.

As part of the transaction, in addition to one share, shareholders acquire four call options exercisable over the next two years at the same price.

After the closing of the transaction, Sisco Sapena continues being the maximum shareholder of Lleida.net, and controls 34.64% of the company's shares; 33.89% directly and 0.75% indirectly.

In the first half of 2024, the company recorded sales of 9.57 million euros, or 10% above those recorded in the first half of 2023.

This progress, which is sustained across virtually all of the company's business lines, is a consequence of the structural changes implemented by the company at the end of 2023 and the beginning of 2024, and which are already consolidated within the company.

At the end of the first half of the year, the company's EBITDA amounted to 1.43 million euros, or 458% above the figure recorded in the same half of 2023.

Lleida.net, founded in 1995, has been listed on the stock exchange since 2015. It has a presence on BME Growth in Madrid, Euronext Growth in Paris and OTC Markets in New York, as well as in Frankfurt.

The company presented, last November 2023, a Comprehensive Recovery Plan with the aim of putting the company back on the path to growth, as these data show.

The company has received more than 300 patents from 60 countries for its innovations in notification, contracting and registered electronic signatures, and is considered one of the leaders in the industry.


SAFE HARBOR STATEMENT
This press release contains statements regarding the future of the company and its innovations. Statements regarding the future may be accompanied by words such as “anticipate”, “believe”, “estimate”, “wait”, “anticipate”, “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.

FAQ

What was the total value of Lleida.net's 2024 Private Purchase Plan?

The total value of Lleida.net's 2024 Private Purchase Plan was €226,356, covering 200,000 shares at €1.145 each.

How did Lleida.net's (LLEIF) sales perform in the first half of 2024?

Lleida.net's sales in the first half of 2024 reached €9.57 million, representing a 10% increase compared to the same period in 2023.

What was Lleida.net's (LLEIF) EBITDA for the first half of 2024?

Lleida.net's EBITDA for the first half of 2024 was €1.43 million, which is 458% higher than the figure recorded in the same period of 2023.

How many patents does Lleida.net (LLEIF) hold and in how many countries?

Lleida.net holds over 300 patents in 60 countries for its innovations in notification, contracting, and registered electronic signatures.