REG - Kooth PLC - Appointment of Nominated Adviser and Broker

KoothAnnouncement

02/10/2023 07:00

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RNS Number : 2139O  Kooth PLC  02 October 2023

2 October 2023

 

Kooth plc

("Kooth" or the "Group")

Appointment of Nominated Adviser and Broker

 

Kooth, a global leader in youth digital mental well-being, is pleased to
announce the appointment of Stifel Nicolaus Europe Limited as the Company's
Nominated Adviser and Sole Broker, with immediate effect.

 

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.

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