Corporate News
Director/PDMR Shareholding
05 October 2023
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 | |
Tim Barker, CEO | |
Sanjay Jawa, CFO | |
Stifel, Nominated Adviser & Sole Broker | +44 (0) 20 7710 7600 |
Ben Maddison, Nick Adams, Nicholas Harland | |
FTI Consulting | |
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 Identification code | Ordinary shares of £0.05 each GB00BMCZLK30 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
| ||||
e) | Date of the transaction | 5 October 2023 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||