Kooth PLC Holding in the Company (9839N)
05 October 2021 - 05:00PM
UK Regulatory
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
-----------
--
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END
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