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Kooth ( (GB:KOO) ) has provided an announcement.
Kooth plc has announced the repurchase of 27,621 of its ordinary shares as part of its Share Buyback Programme, with prices ranging from 1.6000 to 1.6100 GBP per share. This move, facilitated by Stifel Nicolaus Europe Limited, is part of Kooth’s strategy to manage its capital structure, and the repurchased shares will be held in treasury. The buyback highlights Kooth’s commitment to maintaining shareholder value and may impact its market positioning by potentially increasing the value of remaining shares.
More about Kooth
Kooth is a global leader in youth digital mental well-being, offering a platform that provides therapeutic support and interventions. It holds UK-wide accreditation from the British Association of Counselling and Psychotherapy and is the largest single access provider for mental health support for under 18s according to NHS England. The company is expanding internationally with a focus on the US market to address increasing youth mental health concerns.
YTD Price Performance: -11.57%
Average Trading Volume: 121,052
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £59.11M
For a thorough assessment of KOO stock, go to TipRanks’ Stock Analysis page.
