Inactive Instrument

Kape Technologies PLC

CROS

IM00BQ8NYV14

Kape Technologies believes Unikmind offer "undervalues" firm

February 28, 2023 at 05:00 pm IST

(Alliance News) - Kape Technologies PLC on Tuesday said a USD1.51 billion takeover tilt from majority shareholder Unikmind Holdings Ltd "materially undervalues" the digital privacy and security company.

Kape said it came to the conclusion after engaging with major institutional shareholders, and having been advised by Shore Capital and Citi.

"Following publication of an offer document by Unikmind, the independent directors will write to Kape shareholders with their views on the offer," Kape added.

Unikmind, which owns about 55% of Kape, earlier in February offered per USD3.44 per share. Kape at the time urged shareholders to take no action.

Kape shares were up 0.1% to 293.38 pence each in London on Tuesday morning.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Latest news about Kape Technologies PLC

Best of the Best receives GBP45.3 million takeover offer	20/23/20	AN
Unikmind's Interest in Kape Technologies Rises to 98.5% at Close of Takeover Bid	22/23/22	MT
Teddy Sagi completed the acquisition of remaining 45.2% stake in Kape Technologies PLC (AIM : KAPE) from Pierre Lallia and others.	19/23/19	CI
Kape Technologies notes Unikmind takeover offer is now unconditional	28/23/28	AN
Kape Technologies Applies for Delisting from London Bourse	28/23/28	MT
NatWest profit rises; Deutsche Bank buys Numis	28/23/28	AN
Unikmind's Sweetened Offer for Kape Technologies Becomes Unconditional	27/23/27	MT
Unikmind final offer for Kape declared unconditional	26/23/26	AN
Unikmind Acquires Additional Stake in Kape Technologies Amid Takeover Offer	24/23/24	MT
Kape Technologies set to delist as Unikmind wins more support	21/23/21	AN
Kape says shareholders should mull accepting Unikmind bid	21/23/21	AN
FTSE 100 Closes Up 0.1% as UK Business Confidence Improves	21/23/21	DJ
Europe up but New York set for tepid end to week	21/23/21	AN
Unikmind buys further Kape Technologies stake amid unconditional offer	21/23/21	AN
UK Retail Sales Slip Points to GDP Decline in March	21/23/21	DJ
UK Gilt Yields Fall on Weaker Retail Sales, Manufacturing PMI	21/23/21	DJ
FTSE 100 Closed Up 0.1% as Lower Oil Prices Weigh on Wider Market	20/23/20	DJ
Rise in UK Rate Expectations Likely to Push Up Mortgage Rates	20/23/20	DJ
Sterling Could Stay Rangebound Versus Euro	20/23/20	DJ
Sterling May Have Limited Scope to Rise on BOE Rate Expectations	20/23/20	DJ
Oil Reverses Almost All Gains That Followed Saudi-Led Cuts	20/23/20	DJ
Kape Technologies receives improved final takeover offer from Unikmind	20/23/20	AN
FTSE 100 Falls on Weaker Miners, Packaging Stocks	20/23/20	DJ
Unikmind Sweetens Takeover Offer for Kape Technologies	20/23/20	MT
Haleon sales up; Babcock warns of possible profit hit	20/23/20	AN

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Company Profile

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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