Exercise of Options and Director Dealings

RNS Number : 2729O

Kape Technologies PLC

28 May 2020

 

28May 2020

Kape Technologies plc

("Kape," or the "Company")

Exercise of Options

Director Dealing

Kape (AIM: KAPE), the digital security and privacy software business, was notified that on 28 May 2020 that Ido Erlichman, Chief Executive Officer, and Moran Laufer, Chief Financial Officer, had exercised certain of the options in the Company held by them.

Mr Erlichman exercised a total of 1,600,000 options and Mr Laufer exercised a total of 750,000 options. Following the exercise of these options, Mr Erlichman sold 1,700,000 ordinary shares of $0.0001 each ("Ordinary Shares") and Mr Laufer sold 750,000 Ordinary Shares, both at a price of 200p.

Following the above transactions, set out in further detail in the tables below, Mr. Erlichman now holds 1,600,000 options and no Ordinary Shares. Mr Laufer now holds 750,000 options and 74,000 Ordinary Shares, representing 0.05% of the current share capital of the Company.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on shares acquired.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Ido Erlichman
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kape Technologies plc
b)	LEI	213800GTF3PYCXPXET67
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of $0.0001 par value each ISIN: IM00BQ8NYV14
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.275 1,200,000 Nil cost 400,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 May 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Moran Laufer
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kape Technologies plc
b)	LEI	213800GTF3PYCXPXET67
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of $0.0001 par value each ISIN: IM00BQ8NYV14
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) $0.538 215,050 £0.365 334,950 Nil cost 200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 May 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Ido Erlichman
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kape Technologies plc
b)	LEI	213800GTF3PYCXPXET67
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of $0.0001 par value each ISIN: IM00BQ8NYV14
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.0 1,700,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 May 2020
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr. Moran Laufer
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Kape Technologies plc
b)	LEI	213800GTF3PYCXPXET67
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of $0.0001 par value each ISIN: IM00BQ8NYV14
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.0 750,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 May 2020
f)	Place of the transaction	London Stock Exchange

Enquiries

Kape Technologies plc Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer	via Vigo Communications
Shore Capital (Nominated Adviser & Broker) Mark Percy / Toby Gibbs / James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
N+1 Singer  (Joint Broker) Harry Gooden / George Tzimas	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Antonia Pollock [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.

To date, Kape has over 2 million paying subscribers, supported by a team of over 350 people across eight 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 our 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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