Kape Technologies PLC Issue of Equity (7732I)
16 December 2020 - 6:00PM
UK Regulatory
TIDMKAPE
RNS Number : 7732I
Kape Technologies PLC
16 December 2020
16 December 2020
Kape Technologies plc
("Kape", the "Company" or the "Group")
Issue of Equity
Kape Technologies plc (AIM: KAPE), the digital security and
privacy software business, announces the issue of 2,294,077
ordinary shares of US$0.0001 each ("Ordinary Shares"). On 13
December 2019, the Company announced that its acquisition of LTMI
Holdings ("LTMI") would complete on 16 December 2019 (the
"Acquisition"). As part of the consideration for the Acquisition,
Kape announced the issuance of new Ordinary Shares to four senior
executives of LTMI, of which 2,294,077 were to be issued (subject
to escrow and set-off arrangements as set out in the Company's
announcement of 19 November 2019) on the first anniversary of
completion, being 16 December 2020 (the "Deferred Consideration
Shares").
Application has been made for the Deferred Consideration Shares
to be admitted to trading on the AIM market of the London Stock
Exchange ("AIM") and it is expected that admission will take place
and trading in the 2,294,077 Deferred Consideration Shares will
commence from 8:00am on 17 December 2020 ("Admission").
Total Voting Rights
Following Admission. the total number of voting rights in Kape
will be 210,596,993, which is the figure which should be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, Ordinary Shares under the FCA's
Disclosure and Transparency Rules.
The Company holds 10,500,726 Ordinary Shares in treasury and the
Kape Technologies plc Employee Benefit Trust holds 1,200,000
Ordinary Shares, the voting rights to which have been waived.
Therefore, following Admission of the Deferred Consideration Shares
, the Company's issued share capital will consist of 222,297,719
Ordinary Shares.
Enquiries:
Kape Technologies plc via Vigo Communications
Ido Erlichman, Chief Executive Officer
Moran Laufer, Chief Financial Officer
Shore Capital (Nominated Adviser & Broker) +44 (0)20 7408
Mark Percy / Toby Gibbs / James Thomas 4090
N+1 Singer (Joint Broker) +44 (0) 20 7496
Harry Gooden / George Tzimas 3000
Vigo Communications (Financial Public Relations)
Jeremy Garcia / Antonia Pollock +44 (0)20 7390
kape@vigocomms.com 0237
About Kape
Kape is a leading 'privacy-first' digital security software
provider to consumers. Through its range of privacy and security
products, Kape focuses on protecting consumers and their personal
data as they go about their daily digital lives.
To date, Kape has 2.4 million paying subscribers, supported by a
team of over 350 people across eight locations worldwide. Kape has
a proven track record of revenue and EBITDA growth, underpinned by
a strong business model which leverages our digital marketing
expertise.
Through our subscription-based platform, Kape has fast
established a highly scalable SaaS-based operating model, geared
towards capitalising on the vast global consumer digital privacy
market.
www.kape.com
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END
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