8 October 2024
Kooth plc
("Kooth" or the
"Company)
Holding in the
Company
The Board of Kooth was informed 8
October 2024 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 3,755,861 Ordinary Shares on 8 October 2024.
ScaleUp Capital's interest is now 9,240,679 Ordinary Shares,
representing 25.2% of the Company's issued share
capital.
This transaction was undertaken on 8
October 2024 and was completed at a price of 280 pence per Ordinary
Share.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail.
Enquiries:
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.
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.
Kooth is the longest standing
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 2022/23 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.
For more information, please
visit www.koothplc.com.
TR-1: Standard form for notification
of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)
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1a.
Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached ii:
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Kooth
plc
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1b.
Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if
appropriate)
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Non-UK issuer
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2.
Reason for the notification (please
mark the appropriate box or boxes with an "X")
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An acquisition or disposal of voting
rights
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X
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An acquisition or disposal of
financial instruments
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An event changing the breakdown of
voting rights
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Other (please specify)
iii:
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3.
Details of person subject to the notification
obligation iv
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Name
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Root Capital Fund II LP
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City and country of registered office
(if applicable)
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London, United Kingdom
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4.
Full name of shareholder(s) (if
different from 3.) v
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Name
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City and country of registered office
(if applicable)
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5.
Date on which the threshold was crossed or reached
vi:
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8 October 2024
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6.
Date on which issuer notified (DD/MM/YYYY):
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8 October 2024
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7.
Total positions of person(s) subject to the notification
obligation
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% of
voting rights attached to shares (total of 8. A)
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%
of voting rights through
financial instruments
(total of 8.B 1 + 8.B 2)
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Total of
both in % (8.A + 8.B)
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Total number of voting rights held in
issuer (8.A + 8.B) vii
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Resulting situation on the date on
which threshold was crossed or reached
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25.2%
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N/A
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25.2%
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9,240,679
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Position of previous notification
(if
applicable)
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35.5%
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n/a
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35.5%
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8.
Notified details of the resulting situation on the date on which
the threshold was crossed or reached
viii
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A:
Voting rights attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting rights ix
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% of
voting rights
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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GB00BMCZLK30
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9,240,679
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25.2%
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SUBTOTAL 8. A
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9,240,679
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25.2%
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B 1:
Financial Instruments according to DTR5.3.1R (1)
(a)
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Type
of financial instrument
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Expiration
date x
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Exercise/
Conversion Period xi
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Number of voting rights that may be acquired if the instrument
is
exercised/converted.
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% of
voting rights
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SUBTOTAL 8. B 1
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B 2:
Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
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Type
of financial instrument
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Expiration
date x
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Exercise/
Conversion Period xi
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Physical or cash
Settlement xii
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Number of voting rights
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% of
voting rights
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SUBTOTAL 8.B.2
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9.
Information in relation to the person subject to the notification
obligation (please mark
the
applicable box with an
"X")
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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
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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 (please add
additional rows as necessary) xiv
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X
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Name
xv
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% of voting rights if it
equals or is higher than the notifiable threshold
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% of voting rights through
financial instruments if it equals or is higher than the notifiable
threshold
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Total of both if it equals or
is higher than the notifiable threshold
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ScaleUp Capital Fund II
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23.4%
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N/A
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23.4%
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ScaleUp Capital Fund IV
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1.5%
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N/A
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1.5%
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ScaleUp Capital Ltd
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0.3%
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N/A
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0.3%
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10.
In case of proxy voting, please identify:
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Name of the proxy holder
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The number and % of voting rights
held
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The date until which the voting
rights will be held
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11.
Additional information xvi
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Place of completion
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London, England
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Date
of completion
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8 October 2024
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