Kooth PLC Appointment of Nominated Adviser and Broker (2139O)
October 02 2023 - 2:00AM
UK Regulatory
TIDMKOO
RNS Number : 2139O
Kooth PLC
02 October 2023
2 October 2023
Kooth plc
("Kooth" or the "Group")
Appointment of Nominated Adviser and Broker
Kooth, a global leader in youth digital mental well-being, is
pleased to announce the appointment of Stifel Nicolaus Europe
Limited as the Company's Nominated Adviser and Sole Broker, with
immediate effect.
Enquiries:
Kooth plc investorrelations@kooth.com
Tim Barker, CEO
Sanjay Jawa, CFO
Stifel, Nominated Adviser & Sole Broker +44 (0) 20 7710 7600
Ben Maddison, Nick Adams, Nicholas Harland
FTI Consulting kooth@fticonsulting.com
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.
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