Kape Technologies - Appointment of Non-Executive Director
13/09/2022 07:01
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RNS Number : 2380Z Kape Technologies PLC 13 September 2022
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 via Vigo Consulting
Ido Erlichman, Chief Executive Officer
Oded Baskind, Chief Financial Officer
Shore Capital (Nominated Adviser & Joint Broker) +44 (0)20 7408 4090
Toby Gibbs / Mark Percy / James Thomas
Stifel Nicolaus Europe Limited (Joint Broker) +44 (0) 20 7710 7600
Alex Price / Brad Topchik / Alain Dobkin / Richard Short
Vigo Consulting (Financial Public Relations) +44 (0)20 7390 0237
Jeremy Garcia / Kendall Hill
kape@vigoconsulting.com (mailto:kape@vigoconsulting.com)
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 (http://www.kape.com/)
Twitter (https://twitter.com/Kape_com) LinkedIn
(https://www.linkedin.com/company/kape-technologies/)
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