Kape Technologies - Proposed Placing at top of range - raising US$200m
14/09/2022 09:30
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RNS Number : 4342Z Kape Technologies PLC 14 September 2022
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14 September 2022
Kape Technologies plc
("Kape", the "Group" or the "Company")
Update - Proposed Placing at top end of range - raising US$200m
Placing now expected to close at 5.00 p.m. BST today
Kape (AIM: KAPE), the digital privacy and security software business, is
pleased to announce an update to its launch of placing announcement released
at 7.00 a.m. BST on 13 September 2022 (the "Placing Announcement"). Kape is
pleased to announce that following strong demand the Placing is now expected
to close at 5.00 p.m. BST today.
The Company intends to raise gross proceeds of US$200 million, the top end of
the indicated range of US$110 million to US$200 million.
Words and expressions defined in the Placing Announcement shall have the same
meaning in this announcement.
Enquiries:
Kape Technologies plc via Vigo Consulting
Ido Erlichman, Chief Executive Officer
Oded Baskind, Chief Financial Officer
Shore Capital, Nominated Adviser, Broker & Joint Bookrunner +44 (0)20 7408 4090
Toby Gibbs / Mark Percy / James Thomas
Stifel Nicolaus Europe Limited, Joint Broker & Joint Bookrunner +44 (0) 20 7710 7600
Alex Price / Brad Topchik / Alain Dobkin / Richard Short
Barak Capital, Placing Agent (Israel) +972 74 7100 700
Tzvika Manes
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)
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FORWARD LOOKING STATEMENTS
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