REG - Kooth PLC - Directorate Change

KoothAnnouncement

30/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240430:nRSd4586Ma&default-theme=true

RNS Number : 4586M  Kooth PLC  30 April 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

30 April 2024

 

Kooth Plc

 

("Kooth", the "Company" or the "Group")

 

Directorate change

Kooth adds US experience to its board

Kooth (AIM: KOO), a global leader in youth digital mental well-being, is
pleased to announce the appointment of Sherry Beth Husa to the Board as an
independent non-executive Director with immediate effect.

Sherry Beth Husa has more than 35 years' experience in building and improving
the performance of managed care organisations in the USA.  Sherry has
extensive experience of leading and improving the operations, growth and
profitability of significant US health insurance programmes.

At Centene, a Fortune 50 healthcare enterprise, Sherry recently held the role
of President and CEO of Meridian Health Plan of Illinois, which provided
insurance coverage for more than 1.2 million members and generated $6.6
billion of revenue.  Sherry also held the roles of President and CEO of the
Wisconsin and Nebraska health plans at Centene.  In addition, she has held
executive positions at other leading firms including Cigna Healthcare and
Humana.  Sherry has repeatedly demonstrated throughout her career a strong
ability to improve performance and work with US Federal and State programmes,
including Medicaid and Children's Health Insurance Programs (CHIP), both of
which will be invaluable to Kooth as it looks to further expand its operations
in the US.

Peter Whiting, Chair of Kooth, said:

 

"I am delighted to welcome Sherry to the board of Kooth.  Sherry brings
extensive executive experience and expertise in delivering healthcare and
related insurance programmes across the US and has repeatedly driven
significant growth through her leadership.

 

More than 85 million Americans are enrolled in Medicaid and CHIP, representing
$1 out of every $6 spent on healthcare in the US.  This underlines both our
opportunity in the US and also the benefit that Sherry's experience will bring
as we look to expand our US operations to help more Americans with their
mental health, following our significant contract win in the State of
California and partnership with Aetna Better Health Illinois.  Sherry's
guidance and drive will be crucial in further building our presence in the
US."

 

 Enquiries:

 Kooth plc                                                    investorrelations@kooth.com (about:blank)
  Tim Barker, CEO
  Sanjay Jawa, CFO

  Stifel, Nominated Adviser & Sole Broker                     +44 (0) 20 7710 7600
  Ben Maddison, Nick Adams, Nicholas Harland, Erik Anderson

  FTI Consulting                                              kooth@fticonsulting.com (about:blank)
  Jamie Ricketts, Alex Shaw, Usama Ali

 

About Kooth plc:

 

Kooth (AIM:KOO) is a global leader in youth digital mental well-being. Our
mission is to provide accessible and safe spaces for everyone to achieve
better mental health. Our platform is clinically robust and accredited to
provide a range of therapeutic support and interventions. All our services are
predicated on easy access to make early intervention and prevention a reality.

Kooth is a fully safeguarded and pre-moderated community with a library of
peer and professional created content, alongside access to experienced online
counsellors. There are no thresholds for support and no waiting lists.

Kooth is the longest standing digital mental health provider to hold a UK-wide
accreditation from the British Association of Counselling and Psychotherapy
(BACP) and according to NHS England data for 2022/23 is now the largest single
access provider for mental health support for under 18s.

In 2021, Kooth began executing on its international expansion strategy, with
an initial focus on the US market. This focus is due to the growing
recognition of the importance of improving youth mental health in this key
global healthcare market, with 1-in-6 people aged 6-17 experiencing a mental
health disorder each year.

 

Regulatory disclosures - The following disclosures are made in accordance with
Schedule 2(g) of the AIM Rules for Companies:  Sherry Beth Husa, aged 59,
holds no ordinary shares or options in the Company. Sherry's current and
previous directorships are as follows:

 

 Current Directorships     Previous Directorships (last 5 years)
 Discovery World           St Ann's Center for Intergenerational Care

 Versiti, Inc.             Competitive Wisconsin

 Versiti Michigan, Inc.    Alliance of Health Insurers

 Versiti Indiana, Inc.     Meridian Health Plan of Illinois, Inc.

 Versiti Wisconsin, Inc.   Harmony Health Plan, Inc.

 Leyden Family Service     Managed Health Services Insurance Corp.

                           IlliniCare Health Plan, Inc.

                           Centene Venture Company Illinois

                           WellCare Health Insurance Company of Wisconsin, Inc.

                           WellCare Health Plans of Wisconsin, Inc.

                           WellCare of Illinois, Inc.

 

Save for the disclosures above, there are no further disclosures to be made in
accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEALLNAENLEFA