13 Sep 2022 07:01
13 September 2022
Kape Technologies plc
("Kape," the "Company" or the "Group")
Appointment of Non-Executive Director
Kape (AIM: KAPE), the digital security and privacy software business, is pleased to announce that Dan Pomerantz has been appointed as Non-Executive Director of the Company.
Dan Pomerantz founded ExpressVPN with Peter Burchhardt in 2009, and together they grew it to become a leading digital privacy provider in the consumer market, before Kape acquired ExpressVPN in December 2021 for approximately $936 million. Dan Pomerantz is a serial entrepreneur who started his first company when he was 21 years old. He has more than 15 years' experience in business leadership and is skilled in operations, marketing, finance, and management.
Don Elgie, Non-Executive Chairman of Kape, commented:
"I am delighted to welcome Dan Pomerantz to the board. Dan's unparalleled wealth of experience in building products and brands at scale as well as his extensive marketing knowledge will be a key driver for Kape. His input will be incredibly significant as we enter the next phase of growth and expansion for the company."
Save for the information set out above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Daniel ("Dan") Pomerantz, aged 41, who is beneficially interested in 23,413,572 ordinary shares in the Company, held by Pintando Holdings Limited, a company wholly owned by a related party.
At the time of Kape's acquisition of ExpressVPN, it was announced that Peter Burchhardt would have the right to appoint one non-executive director to the board of Kape for so long as the ExpressVPN founders, their close family members and their respective wholly-owned companies, taken together, hold at least 5% of Kape's ordinary shares. Mr Burchhardt is exercising this right by nominating Mr Pomerantz as a Non-Executive Director.
Current Directorships
Sontessa Limited
Previous Directorships
None
Enquiries:
Kape Technologies plc Ido Erlichman, Chief Executive Officer Oded Baskind, Chief Financial Officer | via Vigo Consulting |
Shore Capital (Nominated Adviser & Joint Broker) Toby Gibbs / Mark Percy / James Thomas | +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 / Kendall Hill kape@vigoconsulting.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 focuses on protecting consumers and their personal data as they go about their daily digital lives.
Kape has c.7 million paying subscribers, supported by a team of over 1,000 people across ten 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 its 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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