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Kooth ( (GB:KOO) ) has provided an update.
Kooth plc announced the purchase of 59,672 of its ordinary shares as part of its Share Buyback Programme, with the shares to be held in treasury. This transaction, executed through Stifel Nicolaus Europe Limited, reflects Kooth’s strategic financial management and could impact the company’s voting rights structure, potentially influencing its market positioning and shareholder relations.
More about Kooth
Kooth (AIM:KOO) is a global leader in youth digital mental well-being, providing accessible and safe spaces for improved mental health through a clinically robust platform offering therapeutic support and interventions. Kooth’s services are easily accessible, eliminating thresholds for support and waiting lists, and it holds a UK-wide accreditation from the British Association of Counselling and Psychotherapy (BACP). The company is the largest single access provider for mental health support for under 18s in the UK and has initiated international expansion, focusing on the US market due to the growing need for youth mental health support.
YTD Price Performance: -12.40%
Average Trading Volume: 98,580
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £57.61M
For a thorough assessment of KOO stock, go to TipRanks’ Stock Analysis page.
