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Kape Technologies (KAPE)


Wednesday 16 December, 2020

Kape Technologies

Issue of Equity

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.





Kape Technologies plc

Ido Erlichman, Chief Executive Officer

Moran Laufer, Chief Financial Officer


via Vigo Communications

Shore Capital (Nominated Adviser & Broker)

Mark Percy / Toby Gibbs / James Thomas


+44 (0)20 7408 4090

N+1 Singer (Joint Broker)

Harry Gooden / George Tzimas


+44 (0) 20 7496 3000

Vigo Communications (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 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.

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