Sisco Sapena launches a new Lleida.net to reward employees and shareholders

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LLeida.net
LLeida.net

Madrid, September 3.—Sisco Sapena, CEO and founder of the Spanish-listed company Lleida.net (OTCQX: LLEIF) (BME: LLN) (EPA: ALLLN), has launched an Off-Market Share Sale Plan to reward employees, partners, and shareholders following the company's positive results in the last three quarters.

The plan, called Plan Lleida.net 2024, aims to consolidate the company's already recovered confidence in the nearest market.
Confidence in the company in the immediate market. It also represents a logical continuity to the Restructuring Plan announced by the company on December 11, 2023.

The plan, limited to a tranche of between 100,000 and 200,000 shares, will be effective between September 3 and 23, 2024.

Under the plan, current investors and employees will be able to purchase shares privately from the maximum shareholder and obtain four purchase rights for the same number of shares purchased at the auction price on August 27, 2024, which was €1.145 per share.

These warrants may be exercised as follows:

  • The first option from September 24, 2024, to September 2, 2026, is exercisable when the price of the Lleida.net share exceeds 25% of the price on September 2, 2024, or 1.145 euros per share for at least five consecutive sessions.

  • The second option from September 24, 2024, to September 2, 2026, is exercisable when the Lleida.net share price exceeds 50% of the share price on September 2, 2024, or 1.145 euros per share for at least five consecutive sessions.

  • The third option from September 24, 2024, to September 2, 2026, is exercisable when the Lleida.net share price exceeds 75% of the share price on September 2, 2024, or 1.145 euros per share for at least five consecutive sessions.

  • The fourth option, from September 24, 2024, to September 2, 2026, is exercisable when Lleida.net's share price exceeds 100% of the share price on September 2, 2024, or 1.145 euros per share for at least five consecutive sessions.

"The last two years have been hard for the company and its shareholders, so I wanted to set up a plan from which they will benefit widely, to remember that we are all in this boat together," Sapena explained.

"When we launched the Recovery Plan, we committed to pay double attention to the interests of our shareholders, and I personally want to thank them with this gesture for all the support they have given us," he added.

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