16 Dec 2019 16:15
16 December 2019
Kape Technologies plc
("Kape," the "Group" or the "Company")
Confirmation of Director appointment
Director / PDMR dealing
Following completion of the acquisition of Private Internet Access by Kape, as announced on 13 December 2019, Ted Kim, CEO of London Trust Media, has today joined the board of the Company as a Non-Executive Director and will lead the Group's enlarged North American operations in an executive capacity.
Mr Kim is now interested in a total of 627,597 shares, representing c. 0.41% of the issued share capital of Kape, with a further 1,254,872 shares to be issued on the first anniversary of completion and 418,290 shares to be issued on the second anniversary of completion. Further details on Mr Kim are set out in the Company's announcement of 19 November 2019, including disclosures made in accordance with Schedule 2(g) of the AIM Rules; these details remain unchanged.
Enquiries:
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 (Corporate Advisory) Henry Willcocks (Corporate Broking) | +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 kape@vigocomms.com | +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 focusses on protecting consumers and their personal data as they go about their daily digital lives.
To date, Kape has over a million paying subscribers, supported by a team of over 300 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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About PIA
PIA was established in 2009 and is a security software business, based in Denver, Colorado, with a focus on the provision of virtual private network ("VPN") solutions. Since its inception, PIA has grown to become a leading privacy service provider focused on the consumer market. PIA has over a million paying subscribers globally.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Mr. Theodore (Ted) Kim | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director / PDMR | ||||
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 GBP $0.0001 par value each
ISIN: IM00BQ8NYV14 | ||||
b) | Nature of the transaction | Share Consideration | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 16 December 2019 | ||||
f) | Place of the transaction | London Stock Exchange | ||||