Appointment of Nominated Adviser and Broker

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	[e-mail]
Tim Barker, CEO
Sanjay Jawa, CFO
Stifel, Nominated Adviser & Sole Broker	[phone]
Ben Maddison, Nick Adams, Nicholas Harland
FTI Consulting	[e-mail]
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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