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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 £2.96 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 £0.05 each
Identification code
GB00BMCZLK30
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
£2.96 6,756
d) Aggregated information Price(s) Volume(s)
- Aggregated volume
£19,997.76 6,756
- Price
e) Date of the transaction 5 October 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£19,997.76 6,756
e)
Date of the transaction
5 October 2023
f)
Place of the transaction
London Stock Exchange (XLON)
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