11 Jun 2020 07:00
11 June 2020
Kape Technologies plc
("Kape," or the "Company")
Director Dealing
Kape (AIM: KAPE), the digital security and privacy software business, was notified on 10 June 2020 that Theodore Kim, Head of North America and Non-Executive Director of Kape, sold 400,000 ordinary shares of $0.0001 each in the Company ("Ordinary Shares") at a price of 175p per share, to settle certain personal tax liabilities in relation to the PIA acquisition.
Following this transaction, Mr. Kim now holds 227,957 Ordinary Shares, representing 0.14% of the current share capital of the Company. Mr Kim is also due to be issued a further 1,254,872 Ordinary Shares on the first anniversary of the completion of the acquisition of Private Internet Access (December 2020) and 418,290 shares to be issued on the second anniversary of completion (December 2021).
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 Kim | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director | ||||
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 | Sale | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 10 June 2020 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
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 2 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.
www.kape.com
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