Inactive Instrument

Kape Technologies PLC

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IM00BQ8NYV14

Unikmind buys further Kape Technologies stake amid unconditional offer

April 21, 2023 at 09:42 am EDT

(Alliance News) - Unikmind Holdings Ltd confirmed on Friday it acquired an additional 17.2 million shares from Kape Technologies PLC at USD3.60 each.

Kape is a London-based digital security software provider.

Unikmind, which is based in the Isle of Man, already held a 54% stake in Kape.

Unikmind said its purchase of additional shares, which represent a 4.0% stake, took its shareholding to 58%.

The company added that it also received commitments to accept the takeover of Kape for an additional 55.4 million shares, resulting in commitments totalling to 71%.

Unikmind had said on Thursday it would declare the offer unconditional if its shareholding reached a target closer to 75%.

This comes after Kape noted on Thursday a revised and final cash takeover offer from Unikmind for the remaining stake of the company it didn't already own.

Shares in Kape were up 0.5% at 288.50 pence each in London on Friday afternoon.

By Sabrina Penty; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Kape Technologies PLC

Best of the Best receives GBP45.3 million takeover offer	23-06-20	AN
Unikmind's Interest in Kape Technologies Rises to 98.5% at Close of Takeover Bid	23-05-22	MT
Teddy Sagi completed the acquisition of remaining 45.2% stake in Kape Technologies PLC (AIM : KAPE) from Pierre Lallia and others.	23-05-18	CI
Kape Technologies notes Unikmind takeover offer is now unconditional	23-04-28	AN
Kape Technologies Applies for Delisting from London Bourse	23-04-28	MT
NatWest profit rises; Deutsche Bank buys Numis	23-04-28	AN
Unikmind's Sweetened Offer for Kape Technologies Becomes Unconditional	23-04-26	MT
Unikmind final offer for Kape declared unconditional	23-04-26	AN
Unikmind Acquires Additional Stake in Kape Technologies Amid Takeover Offer	23-04-24	MT
Kape Technologies set to delist as Unikmind wins more support	23-04-21	AN
Kape says shareholders should mull accepting Unikmind bid	23-04-21	AN
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Kape Technologies plc is a United Kingdom-based company, which develops and distributes a variety of digital products in the online security and privacy space, as well as data-powered, consumer-focused privacy and security content. The Company utilizes its digital distribution technology to optimize its reach and distribute its software products to consumers. The Company offers products, which provide online security, privacy and optimization tools for the consumer system. The Company operates through three segments: Digital Security, Digital Privacy and Digital Content. Digital Security segment comprises software and software as a service (SaaS) product, which offer security, endpoint protection and personal computer (PC) performance. Digital Privacy segment comprises virtual private network (VPN) solutions and other privacy SaaS products. Digital Content segment comprises digital platforms, which provide reviews and content.

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