Sisco Sapena agrees to purchase 120,200 shares of Lleida.net and will control more than 35% of the company

Rhea-AI Summary

The CEO of Lleida.net, Sisco Sapena, has secured an agreement with an institutional investor to purchase 120,200 shares off-market at €2.93 each, totaling over €352,000. Following this acquisition, Sapena will hold 35.33% of the company. This move is part of Lleida.net's continued commitment to return value to its shareholders, as the company recently distributed dividends amounting to €247,000 for the third consecutive year. Lleida.net boasts a robust intellectual property portfolio with 209 patents recognized in over 60 countries.

Positive

• Sisco Sapena's acquisition of 120,200 shares signifies confidence in the company's future performance.
• Lleida.net distributed dividends of €247,000 to shareholders, indicating financial stability and a commitment to returning profits.

Negative

• None.

MADRID, Spain, June 28, 2022 (GLOBE NEWSWIRE) -- The CEO and founder of Lleida.net (OTCQX:LLEIF) (BME:LLN) (EPA:ALLLN), Sisco Sapena, has reached an agreement with an institutional investor to acquire off-market a new package of 120,200 shares.

The purchase, which has been signed today by both parties, will take place at a price of 2.93 euros per share, which will become the property of SSI Investering, a company controlled by Sapena, for a total of just over 352,000 euros.

The sale will be executed in the next few days and will be duly communicated to the market in accordance with the corresponding legal procedures.

After the transaction, Sapena will control 35.33 percent of Lleida.net.

Last week, Lleida.net distributed dividends worth 247,000 euros net to its shareholders, the third consecutive year that the company has distributed profits.

The company currently has 16,049,943 shares listed on BME Growth in Madrid, Euronext Growth in Paris and OTCQX in New York.

The company, founded in 1995, has one of the largest intellectual property portfolios in the sector at an international level.

More than 60 countries have recognized its inventions with 209 patents, and its intellectual property portfolio is one of the most relevant in the industry worldwide.

FAQ

What recent agreement did Lleida.net announce regarding its shares?

Lleida.net announced that CEO Sisco Sapena reached an agreement to acquire 120,200 shares off-market at €2.93 per share.

How much did Sisco Sapena spend on the recent share acquisition?

Sisco Sapena acquired the shares for a total of just over €352,000.

What stake will Sisco Sapena hold in Lleida.net after the new purchase?

After the transaction, Sisco Sapena will control 35.33% of Lleida.net.

What dividends did Lleida.net distribute recently?

Lleida.net distributed dividends worth €247,000 to its shareholders, marking the third consecutive year of profit distribution.

How many patents does Lleida.net have?

Lleida.net has 209 patents recognized in more than 60 countries, showcasing a strong intellectual property portfolio.