IN BRIEF: Kape Proposes Bumper Placing To Repurchase Company Stake

Wed, 28th Oct 2020 18:03

Kape Technologies PLC - London-headquartered digital security and privacy software business - Proposes fundraise to pocket USD100 million through placing and retail offer. Proceeds will be used to buy USD72 million Kape stake owned by Andrew Lee and Steven DeProspero, founders of Private Internet Access subsidiary, and "strengthen Kape's balance sheet".

Current stock price: 152.70 pence

Year-to-date change: down 13%

By Eric Cunha; ericcunha@alliancenews.com

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