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Kooth ( (GB:KOO) ) has provided an announcement.
Kooth plc has announced the purchase of 25,000 of its own ordinary shares at a price of 1.8000 GBP per share as part of its Share Buyback Programme. This move will impact the company’s treasury holdings and total voting rights, indicating a strategic financial maneuver to potentially enhance shareholder value and market positioning.
More about Kooth
Kooth plc is a global leader in youth digital mental well-being, providing accessible and safe spaces for mental health support. The company offers a platform that is clinically robust and accredited, providing therapeutic support and interventions without thresholds or waiting lists. With its UK-wide accreditation from the British Association of Counselling and Psychotherapy, Kooth is the largest provider for mental health support for under-18s in the UK. As part of its international expansion strategy, Kooth is focusing on the US market to address the growing need for youth mental health services.
YTD Price Performance: -0.55%
Average Trading Volume: 157,367
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £66.02M
See more insights into KOO stock on TipRanks’ Stock Analysis page.
