Result of Secondary Placing in Kooth Plc
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Further to the announcement of 7 October 2024, Root Capital Fund II LP, acting through its general partner ScaleUp Capital General Partner LLP, (the "Selling Shareholder") announces that it has sold 3,755,861 ordinary shares in Kooth (the "Placing Shares"), representing approximately 10.3% of the Company's issued ordinary share capital, at a price of 280 pence per share (the "Placing").
The trade date for the Placing is 8 October 2024 and settlement is expected to occur on a T+2 basis on 10 October 2024.
Stifel Nicolaus Europe Limited acted as sole bookrunner in connection with the Placing.
Following completion of the Placing, the Selling Shareholder will continue to hold approximately 9,240,679 ordinary shares in the Company (c.25.3% of the Company's issued share capital). The Selling Shareholder will be subject to a 90-day lock-up (subject to customary exceptions) in respect of shares it holds in the Company.
Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the announcement made on 7 October 2024.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.