REG - Kooth PLC - Holding in Company

KoothAnnouncement

08/10/2024 18:15

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RNS Number : 4350H  Kooth PLC  08 October 2024

8 October 2024

 

Kooth plc

("Kooth" or the "Company)

Holding in the Company

 

The Board of Kooth was informed 8 October 2024 that Root Capital Fund II
Limited Partnership, trading under the name ScaleUp Capital, classified as a
Person Closely Associated with Mr. Simon Philips, a Non-Executive Director of
the Company, had sold 3,755,861 Ordinary Shares on 8 October 2024. ScaleUp
Capital's interest is now 9,240,679 Ordinary Shares, representing 25.2% of the
Company's issued share capital.

 

This transaction was undertaken on 8 October 2024 and was completed at a price
of 280 pence per Ordinary Share.

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

 

 

  Enquiries:

 Kooth plc                                                investorrelations@kooth.com (mailto:investorrelations@kooth.com)
 Tim Barker, CEO
 Sanjay Jawa, CFO

 Stifel, Nominated Adviser & Sole Broker                  +44 (0) 20 7710 7600
 Ben Maddison, Erik Anderson, Nicholas Harland, Ben Good

 FTI Consulting                                           kooth@fticonsulting.com (mailto:kooth@fticonsulting.com)
 Ben Atwell, Alex Shaw

 

 

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.

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.

Kooth is the longest standing 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 2022/23 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.

For more information, please visit www.koothplc.com (http://www.koothplc.com)
.

 

TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 FCA in Microsoft Word format if possible)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Kooth plc
 which voting rights are attached (ii):
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights                                                                                                                                                                                                               X
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights
 Other (please specify) (iii):
 3. Details of person subject to the notification obligation (iv)
 Name                                                                                                                                                         Root Capital Fund II LP
 City and country of registered office (if applicable)                                                                                                        London, United Kingdom
 4. Full name of shareholder(s) (if different from 3.) (v)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  8 October 2024
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               8 October 2024
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  25.2%                                                  N/A                                                   25.2%                           9,240,679
 Position of previous notification (if                                      35.5%                                                  n/a                                                   35.5%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached (viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                Direct                    Indirect                                        Direct                                           Indirect

                                                (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 GB00BMCZLK30                                                             9,240,679                                                                                        25.2%

 SUBTOTAL 8. A                                  9,240,679                                                                 25.2%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument                   Expiration  Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                  exercised/converted.

                                                            SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                        Settlement (xii)

                                                                                        SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer (xiii)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                             X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 Name (xv)                   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold
 ScaleUp Capital Fund II     23.4%                                                                       N/A                                                                         23.4%
 ScaleUp Capital Fund IV     1.5%                                                                        N/A                                                                         1.5%
 ScaleUp Capital Ltd         0.3%                                                                        N/A                                                                         0.3%

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information (xvi)

 

 Place of completion  London, England
 Date of completion   8 October 2024

 

 

 

 

 

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