The company is paying US$95.5mln for LTMI Holdings, the company that owns Private Internet Access, and is also taking on around US$32.1mln of LTMI's debt.
Kape will also acquire LTMI's suite of digital privacy products.
9.00am: Cash calamities befall PetroTal and Plutus
PetroTal Corp (LON:PTAL) shares plunged 18% to 20.6p after the company revealed its cash pile was not as high as previously indicated.
The seventh bullet point in the oil producer's third-quarter update slipped the bad news in with no fanfare: the company's cash and cash equivalents position as at September 30 was US$20.5mln and not roughly US$40mln as stated in the company's stock market announcement of 21 October.
The company said its October announcement incorrectly classified some current asset items as cash and cash equivalents.
The company revealed it has ceased to receive management fees from its six FlexGen sites and its management contract with Attune Energy.
The loss of management fees will have a negative impact on the company's working capital position, leaving it “highly constrained” as this is presently the group's sole revenue stream.
Redx Pharma PLC (LON:REDX) said grant funding for its latest project provided “validation” of its scientific capabilities.
Hurricane Energy PLC (LON:HUR) is beginning drill stem testing on the Warwick West well, located in the UKs West of Shetland continental shelf.