Kape Technologies de-listing confirmed

Unikmind Holdings has increased its offer for the share capital of Kape Technologies and declared it as final.

The Increased and Final Offer, priced at US$3.60 per share, received a positive response from Kape’s independent directors. The offer closed on May 19, 2023, and Unikmind received valid acceptances for approximately 28.52% of Kape’s issued ordinary share capital.

Combined with Unikmind’s existing holdings, they now have an interest in or acceptances for about 98.54% of Kape’s share capital.

Kape is expected to be delisted from AIM on May 31, 2023, as Unikmind intends to exercise its squeeze-out rights to acquire the remaining shares.

The delisting is disappointing as Kape is high quality company that is well positioned for long-term growth.

Clients have the option of closing their position at a small capital gain or remaining in the private company as a shareholder.