Change of Name to Kape Technologies plc

RNS Number : 9029G

Crossrider plc

07 March 2018

 

7 March 2018

Crossrider plc

("Crossrider" the "Company)

Change of Name to Kape Technologies plc

&

Change of Website Address

Crossrider Plc (AIM: CROS), the consumer security software business, is pleased to announce the renaming of the Company to Kape Technologies plc. Trading in the Company's shares under the new name and TIDM, "KAPE", will commence at 8.00 a.m. on Tuesday 13 March 2018.

The Company's change in name reflects the transformation of its operations and the shift in strategic focus that has taken place over the last eighteen months. The Company's aim is to become the leading provider of products that ensure consumers' online security, privacy and autonomy.

The Company's AIM Rule 26 website will be available at www.kape.com with effect from 7.00 a.m. on Tuesday 13 March 2018. Shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes. Any new share certificates issued after 13 March 2018 will bear the name Kape Technologies plc.

Ido Erlichman, Chief Executive Officer of Crossrider, commented:

"Our business has been successfully transformed to focus on developing our own suite of consumer cybersecurity software products, whilst leveraging our proprietary distribution technology and expertise to grow the user base for these solutions.

"We believe the consumer cybersecurity market offers significant opportunity to deliver shareholder value. We are well-placed to capitalise on this, as not only do we possess the unique ability to distribute our own software products, but we also have end-to-end control of the user journey. This enables us to be proactive as well as bold and accessible to the end consumer, giving us the capability to constantly adjust to the ever-evolving digital landscape."

Enquiries:

Crossrider plc (to be renamed Kape Technologies plc) Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer	via Vigo Communications [phone]
Shore Capital (Nominated Adviser & Broker) Dru Danford / Toby Gibbs	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Antonia Pollock [e-mail]	[phone]

 

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