Lleida.net's General Shareholders' Meeting approves the distribution of a 25 per cent increase in dividends

Rhea-AI Summary

The General Shareholders' Meeting of Lleida.net (OTCQX:LLEIF) approved a 25% increase in dividends, proposing 1.25 cents per share to be paid on June 17. Total dividends exceed 245,000 euros, reflecting the company's best year historically.

In 2020, sales rose by 20% to 16.42 million euros, with EBITDA of 2.57 million euros, a 17% increase. The company's assets grew by 24% to 13.2 million euros, while financial debt decreased by 15%.

Positive

• 25% increase in dividend payout, signaling strong financial health.
• 2020 revenue rose by 20% to 16.42 million euros.
• EBITDA for 2020 was 2.57 million euros, a 17% increase.
• Asset growth of 24% year-on-year, reaching 13.2 million euros.
• Financial debt decreased by 15%, enhancing stability.

Negative

• None.

MADRID, June 7, 2021 /PRNewswire/ -- The General Shareholders' Meeting of Lleida.net (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) unanimously approved today to distribute 25 per cent more dividends than last year.

100 per cent of shareholders present at the meeting voted in favour of the Board of Directors' proposal to distribute a dividend of 1.25 cents of euro per share, which shall be paid on June 17.

Accordingly, the company will pay out more than 245,000 euros gross to its shareholders, with which it wishes to thank them for their support in what has been the best year in its history.

Sisco Sapena, CEO and founder of the company, stated that "for Lleida.net management team, giving dividends to all the shareholders who have supported us in good times and bad is not only a recognition but also a bet for the future."

This is the second time Lleida.net distributes dividends, after having done it for the first time in its history last year.

The General Meeting unanimously approved the management of Sisco Sapena and his management team at the head of the company during 2020.

The meeting, which was held telematically for reasons of health and safety prudence, also approved the implementation of a new treasury stock plan and ratified with 99.05% of the votes the appointment of Jorge Sainz de Vicuña Barroso as an independent external director.

A total of 50.32% of shareholders were represented at the meeting.

In 2020, the company increased its sales by 20 per cent to 16.42 million euros.

The company's Ebitda for the year was also 2.57 million euros, or 17 per cent over the same period of the previous year.

In 2020, the Spanish company consolidated its position as one of the leading players in the e-signature, e-notification and e-procurement market in Europe.

With more than 200 patents awarded in some 60 countries, the company has one of the largest intellectual property portfolios in the industry.

Over the past year, the company's assets grew by 24 per cent year-on-year to 13.2 million euros, while financial debt decreased by 539,000 euros, or 15 per cent year-on-year.

This trend was consolidated in the first quarter of 2021, in which Lleida.net earned 475% more than in the same period last year.

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SOURCE Lleida.net

FAQ

What is the dividend amount for LLEIF shareholders?

The approved dividend is 1.25 cents per share.

When will the dividend be paid to LLEIF shareholders?

The dividend will be paid on June 17.

What was Lleida.net's revenue for 2020?

Lleida.net reported a revenue of 16.42 million euros for 2020.

How much did Lleida.net's EBITDA increase in 2020?

EBITDA increased by 17% to 2.57 million euros.

What percentage increase in dividends was approved by Lleida.net's shareholders?

A 25% increase in dividends was approved.