Kape Technologies PLC Director/PDMR Shareholding (0433X)

TIDMKAPE

RNS Number : 0433X

Kape Technologies PLC

16 December 2019

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                                 via Vigo Communications 
  Ido Erlichman, Chief Executive Officer 
  Moran Laufer, Chief Financial Officer 
 Shore Capital (Nominated Adviser & Broker) 
  Mark Percy / Toby Gibbs / James Thomas (Corporate 
  Advisory) 
  Henry Willcocks (Corporate Broking)                  [phone] 
 N+1 Singer (Joint Broker) 
  Harry Gooden / George Tzimas                         [phone] 
 Vigo Communications (Financial Public Relations) 
  Jeremy Garcia / Antonia Pollock 
  [e-mail]                                   [phone] 
 

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        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 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          Ordinary Shares of GBP $0.0001 par value 
       financial instrument,       each 
       type of instrument 
       Identification code         ISIN: IM00BQ8NYV14 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Share Consideration 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                    GBP0.77     627,597 
                                               ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     16 December 2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ----------------------------------------- 
 

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December 16, 2019 11:15 ET (16:15 GMT)