27 March 2024
Boku, Inc.
("Boku" or the
"Company")
Vesting of Restricted Stock
Units, Exercise of Options, PDMR Dealings and Total Voting
Rights
The Company announces that, on 26
March 2024, 3,953,094 common shares of $0.0001 each in the Company
("Common Shares") which were held in treasury have been utilised to
satisfy 3,630,385 vested restricted stock units ("RSUs") and
322,709 exercised options over the Common Shares awarded to certain
employees, including the PDMRs listed below. This RSU vesting and
exercise of certain options triggered immediate tax liabilities
that were satisfied by partial sales of the resultant Common Shares
on 26 March 2024.
Details of the PDMR dealings are as
follows and summarised in the table below:
· Stuart Neal,
CEO, vested 66,000 RSUs and, on 26 March 2024, sold 31,175 of the
resultant Common Shares at a price of 183 pence per share to meet
the tax liabilities from the vesting and dealing expenses. As a
result of these transactions, Mr. Neal's holding in the Company
increased by 34,825 Common Shares to 634,825 Common Shares,
representing 0.21% of the issued share capital of
Company.
· Keith
Butcher, CFO, vested 275,000 RSUs and, on 26 March 2024, sold
335,000 Common Shares at a price of 183 pence per Common Share to
meet the tax liabilities from the vesting, dealing expenses and for
personal reasons. As a result of these transactions, Mr. Butcher's
holding in the Company decreased by 60,000 Common Shares to 672,860
Common Shares, representing 0.22% of the issued share capital of
the Company.
· Jon Prideaux,
Non-Executive Director, vested 300,000 RSUs and, on 26 March 2024,
sold 141,554 of the resultant Common Shares at a price of 183 pence
per share to meet the tax liabilities from the vesting and dealing
expenses. As a result of these transactions, Mr. Prideaux's holding
in the Company increased by 158,446 Common Shares to 3,501,549
Common Shares, representing 1.16% of the issued share capital of
Company.
· Mark
Stannard, PDMR, vested 250,000 RSUs and, on 26 March 2024,
exercised a total of 100,000 options over Common Shares at 86 pence
per Common Share under the Company's 2017 Equity Incentive Plan. On
26 March 2024, Mr. Stannard sold 218,088 Common Shares at a price
of 183 pence per share to meet the tax liabilities from the
vesting, exercise, dealing expenses and for personal reasons. As a
result of these transactions, Mr. Stannard's holding in the Company
increased by 131,912 Common Shares to 502,321 Common Shares,
representing 0.17% of the issued share capital of
Company.
· Adam Lee,
PDMR, vested 250,000 RSUs and, on 26 March 2024, sold 500,000
Common Shares at a price of 183 pence per share to meet the tax
liabilities from the vesting, dealing expenses and for personal
reasons. As a result of these transactions, Mr. Lee's holding in
the Company decreased by 250,000 Common Shares to 1,298,703 Common
Shares, representing 0.43% of the issued share capital of
Company.
|
Name
|
Role
|
Net Common Shares Acquired /
(Disposed of)
|
Resultant Shareholding (Common
Shares)
|
Resultant Shareholding (% of issued
share capital)
|
|
Stuart Neal
|
CEO
|
34,825
|
634,825
|
0.21%
|
|
Keith Butcher
|
CFO
|
(60,000)
|
672,860
|
0.22%
|
|
Jon Prideaux
|
NED
|
158,446
|
3,501,549
|
1.16%
|
|
Mark Stannard
|
PDMR
|
131,912
|
502,321
|
0.17%
|
|
Adam Lee
|
PDMR
|
(250,000)
|
1,298,703
|
0.43%
|
As separately announced today, on 26
March 2024 Boku purchased 500,000 Common Shares in the Company
pursuant to its share buyback programme, which will be held in
treasury.
Total Voting Rights
Following these transactions, in
conformity with Rule 5.6.1 of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company's
total issued share capital consists of 301,096,914 Common Shares, of which
554,774 Common Shares are held in treasury under Diagonal Nominees
Ltd. Therefore, the total number of voting rights in Boku is
300,542,140.
The above figure of
300,542,140 shares may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the Disclosure Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
(i)
Stuart Neal
(ii)
Keith Butcher
(iii) Jon Prideaux
(iv) Mark Stannard
(v)
Adam Lee
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
(i) Chief
Executive Officer
(ii) Chief Financial
Officer
(iii) Non-Executive
Director
(iv) Chief Business
Officer
(v) Chief Product
Officer
|
|
b.
|
Initial notification / Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Boku, Inc.
|
|
b.
|
LEI
|
549300Y4P2ZPFKCZ0C60
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial instrument, type of
instrument
Identification code
|
Common Shares of $0.0001 each
USU7744C1063
|
|
b.
|
Nature of the transaction
|
Acquisition of Common Shares following vesting of restricted
stock units under the 2017 Equity Incentive Plans
|
|
c.
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
(i)
nil
|
66,000
|
|
(ii)
nil
|
275,000
|
|
(iii)
nil
|
300,000
|
|
(iv) nil
|
250,000
|
|
(v)
nil
|
250,000
|
|
|
d.
|
Aggregated information
Aggregated volume
Price
|
N/A - single transactions as
above in (c)
|
|
e.
|
Date of the transaction
|
26
March 2024
|
|
f.
|
Place of the transaction
|
Outside of a trading venue
|
|
|
|
| |
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
(i)
Stuart Neal
(ii)
Keith Butcher
(iii) Jon Prideaux
(iv) Mark Stannard
(v)
Adam Lee
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
(i) Chief
Executive Officer
(ii) Chief Financial
Officer
(iii) Non-Executive
Director
(iv) Chief Business
Officer
(v) Chief Product
Officer
|
|
b.
|
Initial notification / Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Boku, Inc.
|
|
b.
|
LEI
|
549300Y4P2ZPFKCZ0C60
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial instrument, type of
instrument
Identification code
|
Common Shares of $0.0001 each
USU7744C1063
|
|
b.
|
Nature of the transaction
|
Sale of sufficient Common Shares to meet tax liabilities as a
condition of the vesting restricted stock units, dealing expenses
and for personal reasons
|
|
c.
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
(i)
183p
|
31,175
|
|
(ii)
183p
|
335,000
|
|
(iii)
183p
|
141,554
|
|
(iv)
183p
|
118,088
|
|
(v)
183p
|
500,000
|
|
|
d.
|
Aggregated information
Aggregated volume
Price
|
N/A - single transactions as
above in ©
|
|
e.
|
Date of the transaction
|
26
March 2024
|
|
f.
|
Place of the transaction
|
London Stock Exchange (XLON);
AIM
|
|
|
|
| |
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mark Stannard
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Business Officer
|
|
b.
|
Initial notification / Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Boku, Inc.
|
|
b.
|
LEI
|
549300Y4P2ZPFKCZ0C60
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial instrument, type of
instrument
Identification code
|
Common Shares of $0.0001 each
USU7744C1063
|
|
b.
|
Nature of the transaction
|
Exercise of options over Common Shares
|
|
c.
|
Price(s) and volume(s)
|
|
Exercise
Price(s)
|
Volume
|
|
86p
|
100,000
|
|
|
d.
|
Aggregated information
Aggregated volume
Price
|
N/A - single transaction as
above
|
|
e.
|
Date of the transaction
|
26
March 2024
|
|
f.
|
Place of the transaction
|
Outside of a trading venue
|
|
|
|
| |
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a.
|
Name
|
Mark Stannard
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
Chief Business Officer
|
|
b.
|
Initial notification / Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a.
|
Name
|
Boku, Inc.
|
|
b.
|
LEI
|
549300Y4P2ZPFKCZ0C60
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a.
|
Description of the financial instrument, type of
instrument
Identification code
|
Common Shares of $0.0001 each
USU7744C1063
|
|
b.
|
Nature of the transaction
|
Sale of sufficient Common Shares to meet tax liabilities as a
condition of the exercising options and personal
reasons
|
|
c.
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
183p
|
100,000
|
|
|
d.
|
Aggregated information
Aggregated volume
Price
|
N/A - single transaction as
above
|
|
e.
|
Date of the transaction
|
26
March 2024
|
|
f.
|
Place of the transaction
|
London Stock Exchange (XLON); AIM
|
|
|
|
| |
For
further enquiries:
|
Boku
Stuart Neal, Chief Executive
Officer
Keith Butcher, Chief Financial
Officer
|
+44 (0)20 3934 6630
|
|
Investec Bank plc (Nominated Advisor & Joint
Broker)
Edward Knight / Nick Prowting
/ Cameron
MacRitchie
|
+44 (0)20 7597 5970
|
|
Peel Hunt LLP (Joint Broker)
Paul Gillam / Adam
Telling
|
+44 (0)20 7418 8900
|
|
IFC
Advisory Limited (Financial PR & IR)
Tim Metcalfe / Graham Herring /
Florence Chandler
|
+44 (0)20 3934 6630
|
Note to
Editors:
Boku Inc. (AIM: BOKU) is a leading global
provider of mobile payment solutions. Boku's mobile-first payments
network, including mobile wallets, direct carrier billing, and
account to account/real-time payments schemes, reaching over 7.5
billion mobile payment accounts through a single
integration.
Customers that trust Boku to simplify sign-up,
acquire new paying users and prevent fraud include global leaders
such as Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony,
Spotify and Tencent.
Boku Inc. was incorporated in 2008 and is
headquartered in London, UK, with offices in the US, India, Brazil,
China, Estonia, France, Germany, Indonesia, Japan, Singapore,
Spain, Taiwan and Vietnam.
To learn more about Boku Inc., please visit:
https://www.boku.com