RNS Number : 4193I
Boku Inc
27 March 2024
 

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

 

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