Kape Technologies PLC Appointment of Non-Executive Director (2380Z)
September 13 2022 - 2:02AM
UK Regulatory
TIDMKAPE
RNS Number : 2380Z
Kape Technologies PLC
13 September 2022
13 September 2022
Kape Technologies plc
("Kape," the "Company" or the "Group")
Appointment of Non-Executive Director
Kape (AIM: KAPE), the digital security and privacy software
business, is pleased to announce that Dan Pomerantz has been
appointed as Non-Executive Director of the Company.
Dan Pomerantz founded ExpressVPN with Peter Burchhardt in 2009,
and together they grew it to become a leading digital privacy
provider in the consumer market, before Kape acquired ExpressVPN in
December 2021 for approximately $936 million. Dan Pomerantz is a
serial entrepreneur who started his first company when he was 21
years old. He has more than 15 years' experience in business
leadership and is skilled in operations, marketing, finance, and
management.
Don Elgie, Non-Executive Chairman of Kape, commented:
"I am delighted to welcome Dan Pomerantz to the board. Dan's
unparalleled wealth of experience in building products and brands
at scale as well as his extensive marketing knowledge will be a key
driver for Kape. His input will be incredibly significant as we
enter the next phase of growth and expansion for the company. "
Save for the information set out above and below, there are no
further disclosures to be made in accordance with Rule 17, Schedule
Two (g) of the AIM Rules for Companies in respect of the
appointment of Daniel ("Dan") Pomerantz, aged 41, who is
beneficially interested in 23,413,572 ordinary shares in the
Company, held by Pintando Holdings Limited, a company wholly owned
by a related party.
At the time of Kape's acquisition of ExpressVPN, it was
announced that Peter Burchhardt would have the right to appoint one
non-executive director to the board of Kape for so long as the
ExpressVPN founders, their close family members and their
respective wholly-owned companies, taken together, hold at least 5%
of Kape's ordinary shares. Mr Burchhardt is exercising this right
by nominating Mr Pomerantz as a Non-Executive Director.
Current Directorships
Sontessa Limited
Previous Directorships
None
Enquiries:
Kape Technologies plc via Vigo Consulting
Ido Erlichman, Chief Executive Officer
Oded Baskind, Chief Financial Officer
Shore Capital (Nominated Adviser & Joint
Broker) +44 (0)20 7408
Toby Gibbs / Mark Percy / James Thomas 4090
Stifel Nicolaus Europe Limited (Joint Broker)
Alex Price / Brad Topchik / Alain Dobkin +44 (0) 20 7710
/ Richard Short 7600
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kendall Hill +44 (0)20 7390
kape@vigoconsulting.com 0237
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.
Kape has c.7 million paying subscribers, supported by a team of
over 1,000 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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END
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