Kooth PLC Block listing application (9964K)
September 01 2023 - 1:00AM
UK Regulatory
TIDMKOO
RNS Number : 9964K
Kooth PLC
01 September 2023
1 September 2023
Kooth plc
("Kooth", the "Company" or the "Group")
Block listing application
Kooth announces that an application has been made to the London
Stock Exchange for a block listing of securities in respect of
3,600,000 ordinary shares of 5 pence each (the "New Ordinary
Shares") to be admitted to trading on AIM. It is expected that
admission will become effective on 5 September 2023.
The New Ordinary Shares will be issued from time to time in
order to satisfy the grant of awards under the Kooth plc Long Term
Incentive Plan.
When issued, the New Ordinary Shares will be credited as fully
paid and will rank pari passu in all respects with the existing
ordinary shares of 5 pence each in the capital of the Company
("Ordinary Shares").
The Company will make six-monthly announcements of the
utilisation of the block admission, in line with its obligations
under AIM Rule 29.
ENDS
Enquiries:
Kooth plc
Tim Barker, CEO investorrelations@kooth.com
Sanjay Jawa, CFO
Panmure Gordon, Nominated Adviser and
Joint Broker
Corporate Finance: Dominic Morley, James
Sinclair-Ford, Daphne Zhang
Corporate Broking: Rupert Dearden, James
Todd +44 (0) 20 7886 2500
Stifel Nicolaus Europe Limited, Joint
Broker
Ben Maddison, Nick Adams, Nicholas Harland,
Richard Short +44 (0) 20 7710 7600
FTI Consulting kooth@fticonsulting.com
Jamie Ricketts, Alex Shaw, Usama Ali
About Kooth
Kooth (AIM:KOO) is a global leader in youth digital mental
well-being. Our mission is to provide accessible and safe spaces
for everyone to achieve better mental health. Our platform is
clinically robust and accredited to provide a range of therapeutic
support and interventions. All our services are predicated on easy
access to make early intervention and prevention a reality.
Our three services are:
-- Kooth: for children and young persons
-- Kooth: for adults
-- Kooth Work: for frontline employees
Kooth is a fully safeguarded and pre-moderated community with a
library of peer and professional created content, alongside access
to experienced online counsellors. There are no thresholds for
support and no waiting lists. Currently, Kooth sees more than 4,000
logins a day.
Kooth is the only digital mental health provider to hold a
UK-wide accreditation from the British Association of Counselling
and Psychotherapy (BACP) and according to NHS England data for
2021/22 is now the largest single access provider for mental health
support for under 18s.
In 2021, Kooth began executing on its international expansion
strategy, with an initial focus on the US market. This focus is due
to the growing recognition of the importance of improving youth
mental health in this key global healthcare market, with 1-in-6
people aged 6-17 experiencing a mental health disorder each year.
Kooth's first pilot contract in the US was signed in October 2022
with the State of Pennsylvania followed in July 2023 by a four-year
contract to cover all 13-25 year olds in the State of
California.
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END
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