Holdings in the Company

RNS Number : 7915W
Kooth PLC
28 April 2021
 

Kooth plc

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

Holdings in the Company

The Board of Kooth was yesterday informed of the following transaction in ordinary shares of £0.05 each ("Ordinary Shares") in the capital of the Company: 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, sold 3,000,000 Ordinary Shares yesterday. ScaleUp Capital's interest is now 13,609,873 Ordinary Shares, representing 41.2% of the Company's issued share capital.

 

This transaction, which was undertaken yesterday in response to market demand, was completed at a price of 350 pence per Ordinary Share.

 

Prior to undertaking this transaction, ScaleUp Capital obtained the consent of the Company and Panmure Gordon (UK) Limited to the lifting of the lock-in agreement ("the Agreement") entered into at the time of the Company's IPO in respect of the Ordinary Shares sold. In accordance with the Agreement, ScaleUp Capital has agreed not to sell any further Ordinary Shares until 2 September this year. The orderly market period then continues until 2 September 2022.

 

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

 

- Ends -

 

Kooth plc


Tim Barker, CEO

Sanjay Jawa, CFO

investorrelations@kooth.com  

Panmure Gordon, Nominated Adviser and sole Broker


Corporate Finance:

Dominic Morley, Nicholas Harland, Sandy Clark

Corporate Broking:

Erik Anderson

+44 (0) 20 7886 2500

FTI Consulting


Jamie Ricketts / Alex Shaw / Usama Ali 

kooth@fticonsulting.com

 

Notes to Editors

About Kooth

Kooth is one of the UK's leading digital mental health platforms, set up 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 85% 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.

 

·

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
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BMCZLK30


13,609,873


41.2%











SUBTOTAL 8. A

13,609,873

41.2%

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights


















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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlement xii

Number of voting rights

% of voting rights






















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 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)

X

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Root Capital Fund II

41.2%


41.2%









































 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A


11. Additional information xvi


·

Place of completion

LONDON, UK

Date of completion

27/04/2021

·

 

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