LLYC completes capital increase with excess demand and will debut on BME Growth with capitalization of €109m

LLYC has successfully completed its capital increase prior to its debut on BME Growth, scheduled for the second fortnight of July. The public offering launched by LLYC, which seeks to attract a maximum of 10 million euros, received excess demand of 5.1 times the amount offered, as stated in the addendum to the Information Document on Market Listings (Spanish acronym: DIIM) published today.

Accordingly, the capital increase has been subscribed by 1,520 new investors, mainly Spanish family-owned investment vehicles, which submitted subscription orders for an amount in excess of 51 million euros – 5.1 times the amount offered.

As a result of the capital increase, Company capital now comprises 11,639,570 shares. It has set a reference price of 9.39 euros per share for the listing, valuing equity at more than 109 million euros.

Following the capital increase, the professional partners of LLYC control 81.21% of the group’s capital, including treasury stock, while 18.79% is in the hands of new investors.

The funds raised will be allocated to financing part of the growth plan, both organically and inorganically, whereby LLYC seeks to double the size of its business in the next four years and achieve revenue of 100 million euros by the end of 2024. The aim of this business plan is to consolidate LLYC as a comprehensive communication and public affairs consultancy provider, with capacities in creativity, marketing and technology, while strengthening the group’s international leadership.

To achieve this goal, the plan is structured on four pillars: to integrate exponential technologies in the Company’s portfolio of services, perform acquisitions of value to continue incorporating capacities that contribute to consolidating the group’s differential position, forge strategic alliances to break into new geographic markets and boost organic growth above market averages, which will act as the foundation for expansion and cash generation.