REG - Kape Technologies - Final Cash Offer declared unconditional

Kape TechnologiesAnnouncement

28/04/2023 07:00

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RNS Number : 7884X  Kape Technologies PLC  28 April 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

FOR IMMEDIATE RELEASE

 

28 April 2023

 

Kape Technologies plc

("Kape," the "Company" or the "Group")

Increased and Final Cash Offer declared unconditional

Cancellation of Admission to trading on AIM

 

The Company notes the announcement made by Unikmind Holdings Ltd ("Unikmind")
on 26 April 2023 in which Unikmind declared its increased and final cash offer
for the Company (the "Increased and Final Offer") unconditional in all
respects. On 27 April 2023, Unikmind then announced that it had received valid
acceptances of the Increased and Final Offer in respect of approximately 75.53
per cent. of the issued ordinary share capital of Kape. Unikmind is therefore
now interested in, has acquired or agreed to acquire approximately 79.69 per
cent. of the existing issued ordinary share capital of Kape and has therefore
satisfied the conditions of the Increased and Final Offer as set out in Part A
of Appendix I in the offer document posted to shareholders on 21 April 2023.

 

The Increased and Final Offer will be closed to acceptances on 19 May 2023.

 

Cancellation of Admission to trading on AIM

Following a request by Unikmind, Kape has made an application for the
cancellation of admission of its ordinary shares to trading on AIM
("Cancellation"). It is expected that such Cancellation will take effect on 31
May 2023, being 20 business days from the date of this announcement. Admission
of Kape's shares to trading on AIM will be cancelled without the requirement
for a resolution of shareholders approving such Cancellation, pursuant to Rule
41 of the AIM Rules.

Enquiries:

 Kape Technologies Plc                                                      via Vigo Consulting

 Ido Erlichman, Chief Executive Officer

 Oded Baskind, Chief Financial Officer

 Shore Capital                                                              +44 (0)20 7408 4090

 (Joint Financial Adviser (Rule 3), Nominated Adviser & Joint Broker)

 Simon Fine / Toby Gibbs / Mark Percy / James Thomas / Iain Sexton

 Citigroup Global Markets Limited                                           +44 (0)20 7986 4000

 (Joint Financial Adviser)

 Yishai Fransis / Simon Lindsay / David Ibanez / Robert Farrington
 Vigo Consulting                                                            +44 (0)20 7390 0237

 (Financial Public Relations)

 Jeremy Garcia / Kendall Hill

 kape@vigoconsulting.com

 

Shore Capital is providing independent advice to Kape pursuant to Rule 3 of
the Takeover Code.

Bryan Cave Leighton Paisner LLP is acting as legal adviser to Kape in
connection with the Increased and Final Offer.

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. 7.4 million paying subscribers, supported by a team of over 1,400
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
(https://url.avanan.click/v2/___http:/www.kape.com___.YXAxZTpzaG9yZWNhcDphOm86ZWY4YWUwODZiNjUzM2Y3MzE5ZmVkM2NlZWIxNTQxMTI6NjpkMDU1OjI0NzBjZWE2MjAyNTU2YjFjNjdmMmExZDk1ODY2MDk2OGUyY2FlMTNjNTBkY2Y4ZmI2M2QzMzgzMjE2YWQ3ZmE6cDpG)

Important Notice

 

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or solicitation of any offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities or the
solicitation of any vote or approval in any jurisdiction, whether pursuant to
this announcement or otherwise.

 

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comes should inform themselves about, and observe, any such restrictions. Any
failure to comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.

 

 

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