Corporate News
Transaction in Own Shares
13 February 2025
Kooth plc ("Kooth") today announces that it purchased the following number of its ordinary shares of 5 pence each on Exchange (as defined in the Rules of the London Stock Exchange) from Stifel Nicolaus Europe Limited ("Stifel") pursuant to its Share Buyback Programme, details of which were announced on 24 December 2024.
| Kooth Ordinary Shares 5p | |
| Date of purchase: | 12/02/2025 |
| Aggregate number of ordinary shares of 5p purchased: | 25,736 |
| Lowest price paid per share (GBP): | 1.6100 |
| Highest price paid per share (GBP): | 1.6500 |
| Volume weighted average price paid per share (GBP): | 1.6327 |
| Broker | Stifel |
The repurchased shares will be held in treasury.
Following settlement of the above purchase of ordinary shares of 5 pence each, Kooth will have 35,787,048 ordinary shares of 5 pence each in issue (excluding 890,718 ordinary shares of 5 pence each held in treasury). This figure represents the total number of voting rights in Kooth.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (as such Regulation has become part of domestic law by virtue of and for the purposes of the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020) and as such Regulation has been amended in such form by any regulations made under that Act), the schedule below contains detailed and aggregated information of the individual trades made by Stifel as part of the buyback programme.
Completion of Share Buyback
Following the above transaction, the Company has completed the Share Buyback which was announced on 24 December 2024. Over the course of the Share Buyback, the Company acquired in aggregate 890,718 Ordinary Shares between 24 December 2024 and 12 February 2025 for a total consideration of approximately £1.5m, at a volume weighted average price paid of 168.35 pence per Ordinary Share. All purchases made under the Share Buyback were made through Stifel, the Company's Nominated Adviser & Sole Broker, and are being held in treasury.
For further information:
Kooth plc Tim Barker, Joint CEO Kate Newhouse, Joint CEO Sanjay Jawa, CFO | |
Stifel, Nominated Adviser & Sole Broker Ben Maddison, Erik Anderson, Nick Harland, Ben Good | +44 (0) 20 7710 7600 |
FTI Consulting, Financial PR Ben Atwell, Alex Shaw |
|
Schedule of Purchases - Individual Transactions
| Number of shares purchased | Transaction price (Gbp) | Venue | Time of transaction | Trade ID |
| 5,736 | 1.6100 | XLON | 08:32:01 | 00044248795TRLO1 |
| 5,000 | 1.6300 | XLON | 08:41:35 | 00044249099TRLO1 |
| 5,000 | 1.6270 | XLON | 10:24:17 | 00044251969RLO1 |
| 5,000 | 1.6500 | XLON | 11:17:12 | 00044253377TRLO1 |
| 5,000 | 1.6500 | XLON | 15:48:55 | 00044266156TRLO1 |
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.
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.
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