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Unikmind Holdings closes acceptances for Cash Offer for Kape Technologies with a valuation of Kape’s equity at $1.58 billion

May 2023


Unikmind Holdings was incorporated in BVI on 20 March 2014 and was re-domiciled in the Isle of Man on 15 January 2019. The principal activity of the Company is the holding of an investment in Kape Technologies Plc – listed on the AIM Market of the London Stock Exchange.

The Company is wholly owned by Mr Teddy Sagi.

Kape is a leading ‘privacy-first’ digital security software provider to consumers. Through its range of privacy and security products, the Company focuses on protecting consumers and their personal data as they go about their daily digital lives.

Kape has millions of paying subscribers, supported by a team of over 350 people across eight locations worldwide.

On 13th February 2023, Unikmind announced an offer to acquire the issued and to be issued share capital of Kape not already beneficially owned by Unikmind at a price of US$3.44 per share, being equivalent to 285 pence per share. Following the release, Kape released its own announcement in response and recommended shareholders to reject the offer.


On 20th April 2023, Unikmind announced a revised, improved and final cash offer at a price of US$3.60 per share, being equivalent to 290 pence per Kape Share.


On 26th April 2023, the offer was declared unconditional in all respects.


On 22nd May 2023, the Offer Closure and Acceptance Level Announcement was published, whereas as at 1.00 p.m. (London time) on 19th May 2023, Unikmind had received valid acceptances of the Increased and Final Offer in respect of 125,173,337 Kape Shares, representing approximately 28.52 per cent. of the issued ordinary share capital of Kape.


In addition, Unikmind is the current registered holder of 70.02 per cent. of the existing issued ordinary share capital of Kape.


Taken together, Unikmind is interested in, or has acceptances in relation to, approximately 98.54 per cent. of the existing issued ordinary share capital of Kape.


The Perivan shareholder communications team was delighted to work with Shore Capital who acted as Joint Financial Adviser (Rule 3), Nominated Adviser and Joint Broker to Kape with the response documentation which was successfully produced and posted to shareholders on 20th March 2023 and 25th April 2023.


Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.

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