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IN BRIEF: Demand for Kape Technologies placing leads to early close

14th Sep 2022 10:04

Kape Technologies PLC - Isle of Man-based digital privacy and security business - Opens subscription via PrimaryBid for retail investors. Following strong demand, the placing is now expected to close at 1700 GMT on Wednesday. Previously it was expected to close at 1800 GMT on Wednesday. The company says it will raise towards the top end of the USD110 million to USD200 million range indicated on Tuesday. The company intends to use the proceeds to fund potential acquisitions.

Current stock price: 279.39 pence, up 0.5%

12-month change: down 33%

By Chris Dorrell; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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KAPE.L
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