Exercise of Options and Director/PDMR Shareholding

RNS Number : 9933W

Kape Technologies PLC

29 April 2021

 

29April 2021

Kape Technologies plc

("Kape," or the "Company")

Exercise of Options and Director/PDMR Shareholding

Kape (AIM: KAPE), the digital security and privacy software business, was notified on 28 April 2021 that Ido Erlichman, Chief Executive Officer, and Moran Laufer, Chief Financial Officer, had each exercised certain of the options in the Company held by them.

Mr Erlichman exercised a total of 1,200,000 options utilizing the net cashless exercise feature. Therefore Mr Erlichman has surrendered 516,690 ordinary shares to the Company in respect of this exercise of options and 683,310 ordinary shares in the Company will be issued to Mr Erlichman.

Mr Laufer exercised a total of 550,000 options utilizing the net cashless exercise feature. Therefore Mr Laufer has surrendered 239,478 ordinary shares to the Company in respect of this exercise of options and 310,522 ordinary shares in the Company will be issued to Mr Laufer.

Following the above transactions, set out in further detail in the tables below, Mr Erlichman now holds 400,000 options and 723,310 ordinary shares, representing 0.32% of the current share capital of the Company. Mr Laufer now holds 200,000 options and 401,189 ordinary shares, representing 0.18% of the current share capital of the Company.

The information below, set out in accordance with the requirements of the UK 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) £0.275 800,000 Nil cost 400,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 April 2021
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 Financial 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) £0.555 50,000 £0.365 300,000 Nil cost 200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	28 April 2021
f)	Place of the transaction	London Stock Exchange

Enquiries:

Kape Technologies plc Ido Erlichman, Chief Executive Officer Moran Laufer, Chief Financial Officer	via Vigo Consulting
Shore Capital  (Nominated Adviser & Broker) Mark Percy / Toby Gibbs / James Thomas / Michael McGloin	[phone]
Stifel Nicolaus Europe Limited   (Joint Broker) Alex Price / Brad Topchik / Alain Dobkin /   Richard Short	[phone]
Vigo Consulting (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 focuses on protecting consumers and their personal data as they go about their daily digital lives.

To date, Kape has over 2.5 million paying subscribers, supported by a team of over 360 people across eight locations worldwide.

Through its subscription-based platform, Kape has fast established a highly scalable SaaS-based operating model, geared towards serving the vast global consumer digital privacy market.

www.kape.com

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