REG - Kooth PLC - Block listing application

KoothAnnouncement

01/09/2023 07:00

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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                     +44 (0) 20 7886 2500

 Corporate Finance: Dominic Morley, James Sinclair-Ford, Daphne Zhang

 Corporate Broking: Rupert Dearden, James Todd
 Stifel Nicolaus Europe Limited, Joint Broker                           +44 (0) 20 7710 7600

 Ben Maddison, Nick Adams, Nicholas Harland, Richard Short
 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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