TIDMKOO

RNS Number : 9839N

Kooth PLC

05 October 2021

Kooth plc

("Kooth" or the "Company" or the "Group")

Holding in the Company

The Board of Kooth was yesterday informed 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 1,280,000 Ordinary Shares on 4 October 2021. ScaleUp Capital's interest is now 12,329,873 Ordinary Shares, representing 37.3% of the Company's issued share capital.

This transaction, which was undertaken yesterday in response to market demand, was completed at a price of 365 pence per Ordinary Share.

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

- Ends -

 
 Kooth plc 
 Tim Barker, CEO                       investorrelations@kooth.com 
  Sanjay Jawa, CFO 
 Panmure Gordon, Nominated Adviser 
  and sole Broker 
 Corporate Finance: 
  Dominic Morley, Ailsa Macmaster 
  Corporate Broking: 
  Erik Anderson                        +44 (0) 20 7886 2500 
 FTI Consulting 
 Jamie Ricketts / Alex Shaw / Usama    kooth@fticonsulting.com 
  Ali 
 

Notes to Editors

About Kooth

Kooth (AIM:KOO) is the UK's leading digital mental health platform, established to provide accessible and safe spaces for everyone to achieve better mental health. The Company's online platform is clinically robust and accredited to provide a range of therapeutic support and interventions. All services are predicated on easy access to make early intervention and prevention a reality.

Kooth offers three services:

-- Kooth is commissioned in over 90% of the NHS's clinical commissioning group areas across the country. It 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 over 3,000 logins a day.

-- Kooth Adult operates across distinct locations and serves specific cohorts, including parents, teachers, victims of crime and those who have suffered from or continue to experience domestic violence.

-- Kooth Work is a corporate service, aimed specifically at employers to support the wellbeing of their employees, providing confidential and anonymous access to a wellbeing community, counselling, content and self-help tools. Kooth Work provides valuable, anonymous insights into the wellbeing of the workforce so that employers can identify specific areas of improvement for their wellbeing strategy.

 
 Notification and public disclosure of transactions by persons discharging 
  managerial responsibilities ("PDMRs") and persons closely associated 
  with them. 
--------------------------------------------------------------------------------------------------------- 
 1a. Identity of the issuer or the                                             Kooth plc 
  underlying issuer of existing shares 
  to 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 
 City and country of registered office                                        London, UK 
  (if applicable) 
 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                                           04/10/2021 
  crossed or reached (vi) : 
                                                             -------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):                               04/10/2021 
                                                             -------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial     in % (8.A +     of voting rights 
                            to shares (total        instruments            8.B)        of issuer (vii) 
                                of 8. A)           (total of 8.B 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     37.3%                 N/A                37.3%           33,055,776 
                          ------------------  ---------------------  --------------  -------------------- 
 Position of                      N/A                  N/A                 N/A 
  previous notification 
  (if 
  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                             % of voting rights 
  shares             (ix) 
  ISIN code (if 
  possible) 
                           Direct                   Indirect                     Direct                  Indirect 
                     (Art 9 of Directive       (Art 10 of Directive        (Art 9 of Directive     (Art 10 of Directive 
                         2004/109/EC)              2004/109/EC)           2004/109/EC) (DTR5.1)        2004/109/EC) 
                           (DTR5.1)                 (DTR5.2.1)                                          (DTR5.2.1) 
                                           -------------------------- 
 GB00BMCZLK30                               12,329,873                                                    37.3% 
                   ----------------------  --------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                         12,329,873                                            37.3% 
                   --------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                       Number of voting                  % of voting 
  financial          date         Conversion Period               rights that may                   rights 
  instrument         (x)          (xi)                            be acquired if 
                                                                  the instrument 
                                                                  is 
                                                                  exercised/converted. 
                   -----------  ------------------------------  --------------------------------  --------------------- 
 
 
 
                                 SUBTOTAL 8. B 1 
                                ------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/             Physical or           Number of             % of voting 
  financial     date (x)          Conversion            cash                  voting rights         rights 
  instrument                      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                    X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
     Name (xv)         % of voting rights      % of voting rights       Total of both if 
                         if it equals or        through financial        it equals or is 
                        is higher than the      instruments if it        higher than the 
                       notifiable threshold    equals or is higher     notifiable threshold 
                                               than the notifiable 
                                                    threshold 
                     ----------------------  ---------------------  ------------------------ 
 Root Capital Fund 
  II                                  37.3%                                            37.3% 
                     ----------------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                                          N/A 
                                             ----------------------------------------------- 
 The number and % of voting rights                                 N/A 
  held 
                                             ----------------------------------------------- 
 The date until which the voting rights                            N/A 
  will be held 
                                             ----------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 

--

 
 Place of completion   LONDON, UK 
 Date of completion    05/10/2021 
                      ----------- 
 

--

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.

END

HOLUSOARANURRUA

(END) Dow Jones Newswires

October 05, 2021 02:00 ET (06:00 GMT)

Kooth (LSE:KOO)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Kooth Charts.
Kooth (LSE:KOO)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Kooth Charts.