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KOO Kooth Plc

304.00
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kooth Plc LSE:KOO London Ordinary Share GB00BMCZLK30 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 304.00 300.00 308.00 304.00 304.00 304.00 4,631 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Spec Outpatient Facility,nec 33.34M -169k -0.0051 -596.08 100.49M

Kooth PLC Awards under Incentive Plan & PDMR dealing (5620R)

27/10/2023 10:19am

UK Regulatory


Kooth (LSE:KOO)
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From May 2023 to May 2024

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TIDMKOO

RNS Number : 5620R

Kooth PLC

27 October 2023

27 October 2023

Kooth plc

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

Awards under Long Term Incentive Plan and PDMR dealing

Kooth (AIM: KOO), a leading provider of digital mental health services announces the third grant of options to Executive Directors and certain senior management under the Long-Term Incentive Plan ("LTIP") as outlined in Kooth's admission document dated 26 August 2020.

The LTIP was established to incentivise management to deliver long-term value creation for shareholders and ensure alignment with shareholder interests.

Background

The LTIP is a discretionary share plan. Under the LTIP the Board may, within certain limits and subject to any applicable performance conditions, grant to eligible employees (i) options over Shares ("LTIP Options") and/or (ii) an immediate award of Shares, subject to restrictions or forfeiture (together "LTIP Awards").

Award size, performance conditions and dilution

On 27 October 2023, options over 340,000 shares in aggregate (the "2023 Awards") were granted under the LTIP, including those set out below which were granted to directors:

 
 Director / PDMR    Role                       Number of shares over 
                                                which 2023 Awards made 
 Tim Barker         Chief Executive Officer            71,197 
                   -------------------------  ------------------------ 
 Sanjay Jawa        Chief Financial Officer            59,331 
                   -------------------------  ------------------------ 
 Kate Newhouse      Chief Operating Officer            59,331 
                   -------------------------  ------------------------ 
 

The vesting of the 2023 Awards is subject to the achievement of performance conditions based upon the growth in Kooth's adjusted EBITDA over the three-year performance period commencing 1 January 2023 and the Company's total shareholder return over the three-year performance period commencing 2 September 2023. The awards will vest (subject to the achievement of the performance conditions) on 2 September 2026. 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 other senior management will be released at vesting.

Each award has been granted in the form of an option with an exercise price per share of GBP0.05.

If the maximum targets are met in 2026, the total dilutive impact of the 2023 Awards will be c. 0.9%. The maximum aggregate dilutive effect of awards currently in issue that can be exercised under the LTIP remains below 10% of issued share capital.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Tim Barker 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Chief Executive Officer 
     --------------------------  -------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------- 
 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          Ordinary shares of GBP0.001 each 
       financial instrument, 
       type of instrument          ISIN: GB00BMCZLK30 
       Identification code 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
                                   under the Company's LTIP 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)      71,197 at nil price point 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          n/a 
       - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     27 October 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Sanjay Jawa 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Chief Financial Officer 
     --------------------------  -------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------- 
 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          Ordinary shares of GBP0.001 each 
       financial instrument, 
       type of instrument          ISIN: GB00BMCZLK30 
       Identification code 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
                                   under the Company's LTIP 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)      59,331 at nil price point 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          n/a 
       - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     27 October 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Kate Newhouse 
     --------------------------  -------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------ 
 a)   Position/status             Chief Operating Officer 
     --------------------------  -------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  -------------------------------------- 
 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          Ordinary shares of GBP0.001 each 
       financial instrument, 
       type of instrument          ISIN: GB00BMCZLK30 
       Identification code 
     --------------------------  -------------------------------------- 
 b)   Nature of the transaction   Grant of options over ordinary shares 
                                   under the Company's LTIP 
     --------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)      59,331 at nil price point 
     --------------------------  -------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume          n/a 
       - Price 
     --------------------------  -------------------------------------- 
 e)   Date of the transaction     27 October 2023 
     --------------------------  -------------------------------------- 
 f)   Place of the transaction    Off market transaction 
     --------------------------  -------------------------------------- 
 

- Ends -

 
 Enquires: 
 Kooth plc                              investorrelations@kooth.com 
  Tim Barker, CEO 
  Sanjay Jawa, CFO 
 Stifel, Nominated Adviser and Sole 
  Broker 
  Ben Maddison, Nick Adams, Nicholas 
  Harland, Richard Short               +44 (0) 20 7710 7600 
 FTI Consulting 
 Jamie Ricketts, Alex Shaw, Usama       kooth@fticonsulting.com 
  Ali 
 
 

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END

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October 27, 2023 05:19 ET (09:19 GMT)

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