REG - Kape Technologies - AGM Statement

Kape TechnologiesAnnouncement

16/06/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220616:nRSP0592Pa&default-theme=true

RNS Number : 0592P  Kape Technologies PLC  16 June 2022

16 June 2022

Kape Technologies plc

("Kape," or the "Company")

 

AGM Statement

 

Kape Technologies plc (AIM: KAPE), the digital security and privacy software
business, provides an update ahead of its Annual General Meeting ("AGM") at
12.00 p.m. today.

 

At the meeting, Don Elgie, Chairman of Kape, will make the following
statement:

 

"I am pleased to report that Kape has traded strongly in 2022, delivering a
record Q1 performance fuelled by robust organic growth. We remain
well-positioned to deliver on our guidance of revenues of between $610-624
million and Proforma Adjusted EBITDA of between $166-172 million (a c. 116.7%
expected increase) for the full year 2022.

The integration of ExpressVPN, acquired in December 2021, is well underway,
and, alongside bolstering our go-to market and R&D capabilities, we have
already begun to realise significant operational benefits to date, including
cost-savings on back-office consolidation and leveraging economies of scale as
well as ongoing synergies in the infrastructure and marketing.

 

Following a transformational 2021, we have continued our positive momentum
with the launch of several highly innovative new products, a key strategic
priority. The ongoing expansion of our product ecosystem is now generating
additional cross-sell opportunities.

 

Our digital security division has experienced accelerated growth as we
strengthen our positioning in the consumer security space. Our digital content
division has continued to deliver growth in its independent content
activities, including growth into additional content segments.

 

Kape is a leader in the consumer security and privacy space, servicing c.7
million paying subscribers worldwide and growing. We expect our strong
customer growth to accelerate further as the privacy and security markets
become more mainstream, with consumers increasingly viewing our products as
critical components for their daily digital lives.

 

Looking ahead, we are also focused on further leveraging our significant
M&A experience and extended product pipeline to accelerate our market,
product, and SaaS customer reach.

 

Kape is now in prime position to lead the market given our current growth
trajectory, and we look forward to expanding our footprint through organic
growth and strategic acquisitions, as we have done consistently over recent
years."

 

 

Enquiries:

 

 Kape Technologies plc                                      via Vigo Consulting

 Ido Erlichman, Chief Executive Officer

 Oded Baskind, Chief Financial Officer

 Shore Capital (Nominated Adviser & Broker)                 +44 (0)20 7408 4090

 Toby Gibbs / Mark Percy / James Thomas / Michael McGloin

 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

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.

Kape has c.7 million paying subscribers, supported by a team of over 900
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/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMFAMBTMTMBTFT