Kooth PLC Director/PDMR Shareholding (8944O)
October 05 2023 - 12:25PM
UK Regulatory
TIDMKOO
RNS Number : 8944O
Kooth PLC
05 October 2023
5 October 2023
Kooth plc
("Kooth" or the "Group")
Director/PDMR Shareholding
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Kooth, a global leader in youth digital mental well-being,
provides the following notification of a transaction by a person
discharging managerial responsibilities ("PDMR").
On 5 October 2023, Timothy Barker (Chief Executive Officer)
purchased 6,756 Ordinary Shares in Kooth at a price of GBP2.96 per
Ordinary Share.
The Notification of Dealing Form for this transaction is
included at the end of this announcement.
Enquiries:
Kooth plc investorrelations@kooth.com
Tim Barker, CEO
Sanjay Jawa, CFO
Stifel, Nominated Adviser & Sole Broker +44 (0) 20 7710 7600
Ben Maddison, Nick Adams, Nicholas Harland
FTI Consulting kooth@fticonsulting.com
Jamie Ricketts, Alex Shaw, Usama Ali
About Kooth plc:
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 people
-- 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 major 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 six million 13-25 year-olds in the
State of California.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Timothy Barker
------------------------------------------------------------ ----------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------------------------------ ----------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------------------------ ----------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------
a) Name Kooth plc
------------------------------------------------------------ ----------------------------------
b) LEI 2138001YLGO1L8UYOM90
------------------------------------------------------------ ----------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of instrument
Ordinary shares of GBP0.05 each
Identification code
GB00BMCZLK30
------------------------------------------------------------ ----------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------------------------------------ ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP2.96 6,756
----------
------------------------------------------------------------ ----------------------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated volume GBP19,997.76 6,756
- Price ----------
------------------------------------------------------------ ----------------------------------
e) Date of the transaction 5 October 2023
------------------------------------------------------------ ----------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------------------------------------ ----------------------------------
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END
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