Last Page Update: October 1, 2020 @ 11:53 am

Investor News Feed

Kooth is an innovator and leading platform for digital mental health. Our mission is to make personalised mental health care available to all.

 

This is the news feed for all investor news. To view our regulatory news, please visit the ‘Regulatory News’ page. 

Holdings in Company

Holdings in Company

Released 07:00:09 08 September 2020

RNS Number : 2754Y

Kooth PLC

08 September 2020

Release: https://www.londonstockexchange.com/news-article/KOO/holdings-in-company/14678158

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Holdings in Company

Holdings in Company

RNS Number : 1200Y

Kooth PLC

04 September 2020

Release: https://www.londonstockexchange.com/news-article/KOO/holdings-in-company/14676498

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Holdings in Company

Holdings in Company

RNS Number : 9866X
Kooth plc

03 September 2020 

Release: https://www.londonstockexchange.com/news-article/KOO/holdings-in-company/14674833

TR-1: Standard form for notification of major holdings

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

The Telegraph: Mental health app raises £26m in rare London listing

The Telegraph: Mental health app raises £26m in rare London listing

An online mental health provider has raised £26m on London’s junior market amid a drought of new offerings on the UK stock exchange.

Kooth, which provides online and app-based mental health technology to the NHS for children, raised £16m in new shares on AIM, while its private equity backers sold £10m in their own shares.

London floats were all but absent in the first half of 2020. There were just 13 new listings on London’s markets, as of August, with just two new listings during the second quarter of the year, normally the market’s business patch.

Kooth’s new offering saw it price its shares at 200p per share. Shares jumped 16pc during the first trades. Panmure Gordon acted as nominated adviser and broker.

Read in full: https://www.telegraph.co.uk/technology/2020/09/02/mental-health-app-raises-26m-rare-london-listing/

Holdings in Company

Admission to AIM and First Day of Dealings

https://www.londonstockexchange.com/news-article/KOO/admission-to-aim-and-first-day-of-dealings/14672174

Kooth, a leading provider of online mental health services, is pleased to announce the admission of its entire issued and to be issued ordinary share capital to trading on the AIM market of the London Stock Exchange. Dealings in the ordinary shares of the Company will commence today at 8.00am, under the ticker “KOO” and the ISIN “GB00BMCZLK30”. The Company’s admission document is available to view on its Investor Relations website at koothplc.com.

The Company has successfully raised £16 million through a placing of 8,000,000 ordinary shares at a placing price of 200 pence per ordinary share (the “Placing Price”). In addition, 5,000,000 existing ordinary shares have been placed on behalf of Root Capital Fund II L.P, at the Placing Price, raising gross proceeds of £10 million. Kooth’s market capitalisation at the Placing Price on admission will be £66.1 million. Panmure Gordon is acting as Nominated Adviser and sole Broker to the Company.

Kooth is the UK’s largest digital mental health provider to the NHS for children and young people aged 10-25, offering digital mental health services and a broad range of therapeutic tools and interventions to the health service. It also provides these services to businesses and charities. The Company intends to use the new funds to support its growth plans, which include investing in its platform and service offering and expanding within strategic markets.

For the purposes of the Disclosure Guidance and Transparency Rules, the total number of ordinary shares with voting rights in the Company with effect from 2 September 2020 will be 33,055,776. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Tim Barker, Chief Executive Officer of Kooth, commented:

This is a great moment for Kooth. In joining AIM we see a significant opportunity to scale up our company to support the growing demand for mental health services in both the UK and internationally. As a public company with a positive social impact, we are proud to become the first digital mental health platform to list on the London Stock Exchange. We have an ambitious plan to invest in our team and technology to deliver on our purpose to make personalised mental healthcare available to all.

“I’m grateful to our team that works every day to support 5.4 million people across the UK who have access to Kooth. I’d like to thank our new shareholders, with whose backing we can continue to invest in expanding our service to meet ever growing demands.”

Kooth highlights

·    Mental health online platform, offering digital mental health services to the NHS and businesses.

·    Provides a safe, anonymous and accredited online service that aims to facilitate and develop conversations about mental wellbeing nationwide.

·   Provides a broad range of therapeutic tools and interventions, putting choice and control in the hands of individuals to decide what works best for them. Focused on outcomes for the individual, Kooth’s online platform provides:

o Self-help tools and content: self-help activities to support individuals across a range of areas, from managing anxiety to expressing their feelings, together with a wealth of articles and advisory pieces created by the Kooth community and Kooth’s clinical content team.

o Community for Peer-to-Peer Support: online moderated forums covering a range of topics, where users can post and get support from others in the Kooth community.

o Professional Counselling: anonymous, online text-chat based professional counselling, where individuals can get ad-hoc or ongoing support. Kooth’s practitioners provide over 12,000 hours of counselling every month.

·   As at June 2020, Kooth employed 298 people, 109 of which are professional counsellors who live across the United Kingdom. At a minimum, counsellors are BACP registered (or equivalent) with 450 hours’ post qualification experience. The Company has a 24 person-strong technology, product and engineering team based in London that designs, builds, and optimises the Kooth technology platform, and a six person data science and research team.

Growth opportunities

·    The Company’s goal is to use digital technology to make mental health services accessible to all, spanning prevention, early intervention and ongoing care.

·   Kooth believes that given the growing need for mental health support and the benefits of a digital-first approach, there is a potential addressable market in the UK of over £500 million in providing its services to businesses and the NHS.

·    Through artificial intelligence processes, the Company aims to provide a personalised experience for users of the service. This personalisation aims to ensure that that the user is provided with the service or content deemed most suitable for them.

·  The Company intends to continue to grow Kooth for children and young people by working with stakeholders to raise awareness, service demand, and expand existing contracts with commissioners. In addition, as commissioners invest to improve services to support the transition from paediatric to adult services, Kooth’s service can provide support for 18-25 year olds.

·   There is the potential for future growth in the UK in both the public and private sector. In addition to expanding into regions that do not yet contract Kooth to support children and young people, Kooth recently launched its service for Adults which it sells to both the NHS and businesses.

·    The Group also intends as part of its expansion strategy to look at new markets, including the US.

The Times: Online mental health counsellor Kooth floats to fund expansion

The Times: Online mental health counsellor Kooth floats to fund expansion

An online counselling service that helps children and young adults to deal with mental health problems is to list on the stock market this week.Kooth, which was founded in 2001 and earns most of its revenue from the NHS, will sell £26 million of shares at a valuation of £66 million.

It aims to raise £16 million in fresh capital, with its owner selling £10 million of shares.The company offers a free, anonymised service that provides support through self-help tools, discussion groups and text-based consultations with counsellors.It was founded by Elaine Bousfield, a counsellor, and acquired by Root Capital, a venture fund, in 2015.

Kooth employs 300 people, including 165 clinical staff, and has recurring annual revenues of £13 million. Tim Barker, an entrepreneur and technology executive, joined as chief executive at the start of this year. 

Read the full article at https://www.thetimes.co.uk/article/online-mental-health-counsellor-kooth-floats-to-fund-expansion-rcn8z7k88

Online mental health counsellor Kooth floats to fund expansion
Simon Duke
31 August 2020

This is Money: SMALL CAP MOVERS – Number of AIM firms paying dividends more than halve, but miner Base Resources soars as it keeps payout.

This is Money: SMALL CAP MOVERS – Number of AIM firms paying dividends more than halve, but miner Base Resources soars as it keeps payout.

Miner Base Resources shot up 32 per cent to 15p this week after it declared a maiden dividend of 35 Australian cents per share.

It is somewhat of a rare breed in the junior market, with companies paying dividends plummeting over the course of 2020 after managers opted to save cash to get through the coronavirus crisis.

In the three months to last June, 64 AIM firms issued a payout, while in the same period last year 145 of them did the same.

The dearth of distributions has been a common theme across the world throughout the pandemic, with global dividends sliding 22 per cent to $382billion in the three months to June, according to research by Janus Henderson published earlier this week.

North America was the only region showing growth thanks to resilience among Canadian companies, while Europe and the UK were hit the hardest.

The whole year may see a decline between 27 per cent or 23 per cent for a total of around $1trillion.

‘A temporary halt in dividends does not change the fundamental value of a company, though it can affect short-term sentiment,’ said Jane Shoemake, investment director at the asset manager.

‘It remains important for income investors to be diversified both by geography and sector.’

Read the full article at: https://www.thisismoney.co.uk/money/markets/article-8674163/SMALL-CAP-MOVERS-Base-Resources-soars-keeps-paying-divi.html

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