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Kooth ( (GB:KOO) ) has issued an update.
Kooth PLC has announced the repurchase of 57,897 of its ordinary shares as part of its Share Buyback Programme, executed through Stifel Nicolaus Europe Limited. This move indicates a strategic effort to manage the company’s equity and potentially enhance shareholder value. The repurchased shares will be held in treasury, and this transaction underlines Kooth’s commitment to optimizing its capital structure amidst its ongoing international expansion and leadership in the digital mental health industry.
More about Kooth
Kooth PLC is a global leader in digital mental well-being services, focusing primarily on youth mental health. The company offers a comprehensive platform for therapeutic support that is clinically robust, accredited, and designed for early intervention without thresholds or waiting lists. Kooth is recognized as the largest single access provider for mental health support for under 18s in the UK and is expanding internationally, particularly targeting the US market.
YTD Price Performance: -6.89%
Average Trading Volume: 112,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £60.74M
See more insights into KOO stock on TipRanks’ Stock Analysis page.
