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Kape Technologies (KAPE)

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Thursday 29 April, 2021

Kape Technologies

Exercise of Options and Director/PDMR Shareholding

RNS Number : 9933W
Kape Technologies PLC
29 April 2021
 

29April 2021

 

Kape Technologies plc

("Kape," or the "Company")

 

Exercise of Options and Director/PDMR Shareholding

 

Kape (AIM: KAPE), the digital security and privacy software business, was notified on 28 April 2021 that Ido Erlichman, Chief Executive Officer, and Moran Laufer, Chief Financial Officer, had each exercised certain of the options in the Company held by them.

 

Mr Erlichman exercised a total of 1,200,000 options utilizing the net cashless exercise feature. Therefore Mr Erlichman has surrendered 516,690 ordinary shares to the Company in respect of this exercise of options and 683,310 ordinary shares in the Company will be issued to Mr Erlichman.

 

Mr Laufer exercised a total of 550,000 options utilizing the net cashless exercise feature. Therefore Mr Laufer has surrendered 239,478 ordinary shares to the Company in respect of this exercise of options and 310,522 ordinary shares in the Company will be issued to Mr Laufer.

 

Following the above transactions, set out in further detail in the tables below, Mr Erlichman now holds 400,000 options and 723,310 ordinary shares, representing 0.32% of the current share capital of the Company. Mr Laufer now holds 200,000 options and 401,189 ordinary shares, representing 0.18% of the current share capital of the Company.

 

The information below, set out in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on shares acquired.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Mr. Ido Erlichman

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Kape Technologies plc

b)

LEI

213800GTF3PYCXPXET67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of $0.0001 par value each

 

 

 

ISIN: IM00BQ8NYV14

b)

Nature of the transaction

Exercise of options

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.275

 

800,000

Nil cost

400,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

28 April 2021

f)

Place of the transaction

London Stock Exchange

 

1

Details of the person discharging managerial responsibilities / person closely associated

a) 

Name

Mr. Moran Laufer

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Kape Technologies plc

b)

LEI

213800GTF3PYCXPXET67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary Shares of $0.0001 par value each

 

 

 

ISIN: IM00BQ8NYV14

b)

Nature of the transaction

Exercise of options

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.555

 

50,000

£0.365

300,000

Nil cost

200,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

28 April 2021

f)

Place of the transaction

London Stock Exchange

 

Enquiries:

 

Kape Technologies plc

Ido Erlichman, Chief Executive Officer

Moran Laufer, Chief Financial Officer

 

via Vigo Consulting

Shore Capital  (Nominated Adviser & Broker)

Mark Percy / Toby Gibbs / James Thomas / Michael McGloin

+44 (0)20 7408 4090

Stifel Nicolaus Europe Limited   (Joint Broker)

Alex Price / Brad Topchik / Alain Dobkin /   Richard Short

+44 (0) 20 7710 7600

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Antonia Pollock

[email protected]

+44 (0)20 7390 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 over 2.5 million paying subscribers, supported by a team of over 360 people across eight locations worldwide.

Through its subscription-based platform, Kape has fast established a highly scalable SaaS-based operating model, geared towards serving the vast global consumer digital privacy market.

www.kape.com

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