The French company Eiffel Investment Group to buy 4.98% of

Paris, 19 June - The French investment company Eiffel Investment Group made a purchase of 4.98% of the shares of the Spanish technology company Lleida.net at 0.9 euros per share.

With this purchase transaction, the French company which already held 1.58% of the company's shares, becomes the fifth largest shareholder of Lleida.net, the dual-listed company on the Paris Stock Exchange (Euronext Growth) and in the Mercado Alternativo Bursátil (MAB) of Madrid.

The total volume of shares exchanged during the operation was 800,000.

1.215% of the securities were sold from the company's treasury stock, and an additional 3.77% was bought from the majority shareholder of the company, Sisco Sapena, CEO and founder of the company, which now has 40.57% of the company.

The purchase took place in MAB and as a result the share price increased by 1.63% up to 0.935 euros per share. On Euronext, the share price closed yesterdays at 1.07 euros.

The current capitalization of the company in the Madrid Stock Exchange is 14.7 million euros.

Eiffel Investment Group is a French financial group that manages of around 2,000 million euros of assets and who was already present in Lleida.net through the company Alto Investments.

It works mainly for large European institutional investors and has some 25,000 private clients.

“Eiffel Investment Group reinforces its vocation of permanence in the Company that evidences a widespread confidence in the management team as well as in the company's history.” explained Sisco Sapena. 

Lleida.net, provider of digital trust services and one of the main players in the European eSignature market, registered during the year 2018, a turnover of 12.36 million euros, 25% more than in the previous year

The EBITDA of Lleida.net rose to 1.88 million euros, representing 32% more than in 2017, and its Operating Result practically doubled last year, reaching 529,000 euros.

At the end of 2018, Lleida.net became the first Spanish to quote on a dual basis in the MAB and in Euronext Growth, in Paris.

Likewise, during year, the company became the first and the only Spanish supplier and the sixth in Europe to obtain the type approval of qualified electronic registered delivery service of the EIDAS regulation.