21st Apr 2023 14:41
(Alliance News) - Unikmind Holdings Ltd confirmed on Friday it acquired an additional 17.2 million shares from Kape Technologies PLC at USD3.60 each.
Kape is a London-based digital security software provider.
Unikmind, which is based in the Isle of Man, already held a 54% stake in Kape.
Unikmind said its purchase of additional shares, which represent a 4.0% stake, took its shareholding to 58%.
The company added that it also received commitments to accept the takeover of Kape for an additional 55.4 million shares, resulting in commitments totalling to 71%.
Unikmind had said on Thursday it would declare the offer unconditional if its shareholding reached a target closer to 75%.
This comes after Kape noted on Thursday a revised and final cash takeover offer from Unikmind for the remaining stake of the company it didn't already own.
Shares in Kape were up 0.5% at 288.50 pence each in London on Friday afternoon.
By Sabrina Penty; Alliance News reporter
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