KOOTH PLC — Director's Dealing 2020

Nov 2, 2020

National Storage Mechanism | Additional information

RNS Number : 9856D

Kooth PLC

02 November 2020

Correction: The following amendment has been made to the 'Director/PDMR Shareholding' announcement released on 2 November 2020 at 08:00 under RNS 8515D

The date of the Transaction in Section 4(e) of the table should have read: 2 November 2020. The full text of the corrected announcement is set out below.

2 November 2020

Kooth plc

("Kooth" or the "Company")

Notification Of Transactions Of Directors, Persons Discharging Managerial Responsibility Or Connected Persons

Kooth plc, a leading provider of online mental health services in the UK, has granted awards over ordinary shares in the Company to both its management and broader staff. The awards are as follows.

LTIP Award

On 2 November 2020, Kooth granted awards over ordinary shares in the Company under the Kooth 2020 Long Term Incentive Plan (the "LTIP"), as noted below and as outlined in Kooth's admission document dated 26 August 2020. 

The vesting of the awards is subject to the achievement of performance conditions based upon the growth in Kooth's annual recurring revenue over the three year performance period commencing on 1 January 2020 and the Company's total shareholder return over the three year performance period commencing 1 January 2020 against the total shareholder return of the companies constituting 101 - 200 (inclusive) of the FTSE AIM All-share Index over the same period. The awards will vest (subject to the achievement of the performance conditions) on 2 September 2023.  To the extent they vest, awards held by Executive Directors will be subject to a post-vesting holding period of two years.  The awards granted to Giles Alexander, Lynne Green, Ben Ievers, Annie Meharg, Kate Newhouse, Aaron Sefi and Alexandra Thompson will be released at vesting.

Each award has been granted in the form of an option with an exercise price per share of £0.05. 

ASP Award

On 2 November 2020, Kooth granted options over 302,159 ordinary shares in the Company under the Kooth All-Employee Share Plan (the "ASP"). The ASP is open to all employees of the Group having completed probation and are eligible for selection to participate in the ASP at the discretion of the Board. This award allows 260 Kooth employees to participate in Kooth's progress and will vest (subject to employment status) on 2 September 2023.

Further detail on LTIP Award

Name	Number of shares subject to award
Executive Directors
Tim Barker	100,000
Sanjay Jawa	75,000
Other Senior Managers
Giles Alexander	70,683
Lynne Green	75,000
Ben Ievers	50,000
Annie Meharg	75,000
Kate Newhouse	75,000
Aaron Sefi	75,000
Alexandra Thompson	21,250

The notification below, made pursuant to Article 19 of Regulation (EU) No 596/2014 on Market Abuse, provides further information about these transactions.

1

Details of the person discharging managerial responsibilities / person closely associated

(a)

Name

1.     Tim Barker

2.     Sanjay Jawa

3.     Giles Alexander

4.     Lynne Green

5.     Ben Ievers

6.     Annie Meharg

7.     Kate Newhouse

8.     Aaron Sefi

9.     Alexandra Thompson 

2

Reason for the notification

(a)

Position/Status

1.     Chief Executive

2.     Chief Financial Officer

3.     Chief Technology Officer

4.     Chief Clinical Officer

5.     Corporate Development Director

6.     Chief Commercial Officer

7.     Chief Operating Officer

8.     Chief Research Officer

9.     Head of People

(b)

Initial notification / Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)

Name

Kooth Plc

(b)

LEI

2138001YLGO1L8UYOM90

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)

Description of the financial instrument, type of instrument

Identification Code

Ordinary shares of £0.05

ISIN: GB00BMCZLK30

(b)

Nature of the transaction

Grant of awards over ordinary shares

(c)

Price(s) and volume(s)

Name	Price	Number of ordinary shares subject to LTIP award
Tim Barker	5p each	100,000
Sanjay Jawa	5p each	75,000
Giles Alexander	5p each	70,683
Lynne Green	5p each	75,000
Ben Ievers	5p each	50,000
Annie Meharg	5p each	75,000
Kate Newhouse	5p each	75,000
Aaron Sefi	5p each	75,000
Alexandra Thompson	5p each	21,250

(d)

Aggregated Information

- Aggregated volume

- Price

N/A

N/A

(e)

Date of the Transaction

2 November 2020

(f)

Place of the Transaction

Outside a Trading Venue

Name of authorised official of issuer responsible for making notification:

Sanjay Jawa, Chief Financial Officer, Kooth plc

For further information, please contact:

Kooth plc
Tim Barker, Chief Executive Sanjay Jawa, Chief Financial Officer	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	kooth@fticonsulting.com

About Kooth

Kooth is the UK's largest digital mental health provider to the NHS for children and young people aged 10-25. Our mission is to provide accessible and safe spaces for everyone to achieve better mental health. Our online 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's platforms are commissioned by 77% of the NHS's clinical commissioning group areas across England. 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.

Kooth was established in 2001. For more information: www.koothplc.com 

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