Directorate Changes

RNS Number : 7409Y

Kape Technologies PLC

18 January 2022

 

18 January 2022

Kape Technologies plc

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

Directorate Changes

Kape (AIM: KAPE), the digital security and privacy software business, announces that, following nine years with Kape, five of which as Group CFO, and the successful acquisitions of Webselenese and ExpressVPN last year, Moran Laufer is stepping down from the board to pursue other interests as part of an anticipated relocation to Israel.

Oded Baskind, who is currently VP Finance at Kape, has been appointed Chief Financial Officer Designate and following a planned handover period during which he will be supported by Moran over the next couple of months, it is anticipated Oded will join the Board.

Oded has progressed at Kape taking numerous key finance roles since joining in 2014, including supporting the Group's admission to AIM in September 2014 and its six subsequent acquisitions. Oded previously worked at PwC in audit, where he qualified as a Certified Public Accountant and has extensive experience in operating multinational finance teams as well as M&A execution and integration. Oded has a BA in accounting and economics from the Hebrew University.

Don Elgie, Non-Executive Chairman of Kape, commented:

" On behalf of the Board, I would like to personally thank Moran for his considerable contribution to Kape. Moran joined Kape prior to our IPO and has helped lead the Group during what has been a truly transformational period, to position Kape as the world-leading digital privacy and security player it is today. We wish him all the best for the future .

"Oded is already an integral part of the Group's finance team and has a strong understanding of our business, playing a key role in our sustained financial performance. We believe that Oded has the experience and knowhow to lead the finance department's operations and deliver the Group's goals. We look forward to welcoming Oded to the Board in due course."

Moran Laufer, outgoing Chief Financial Officer, commented:

"It has been an incredible journey serving as CFO and a member of the board at Kape. I am extremely proud of what we have achieved over the past several years. I would like to thank Ido, the board and my fellow colleagues for the support and opportunities presented to me during my time with the Company. I am a strong believer in Kape's management, team and mission and delighted that Oded has been appointed as my successor. I wish Kape every success for the future."

Enquiries:

Kape Technologies plc Ido Erlichman, Chief Executive Officer	via Vigo Consulting
Shore Capital (Nominated Adviser & Joint Broker) Toby Gibbs / Mark Percy / James Thomas / Michael McGloin	[phone]
Stifel (Joint Broker) Alex Price / Brad Topchik / Alain Dobkin / Richard Short	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Antonia Pollock / Kendall Hill [e-mail]	[phone]

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 over 6.5 million paying subscribers, supported by a team of over 750 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

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