Boku Inc - Vesting of RSUs, PDMR Dealings,Total Voting Rights

Boku

20/03/2025 07:00

RNS Number : 3774B

Boku Inc

20 March 2025

 

20 March 2025

 

Boku, Inc.

 

("Boku" or the "Company")

 

Vesting of Restricted Stock Units, PDMR Dealings and Total Voting Rights

 

The Company announces that 3,896,025 common shares of $0.0001 each in the Company ("Common Shares") held in treasury are being utilised to satisfy vested restricted stock units ("RSUs") over the Common Shares awarded to certain employees, including the PDMRs listed in the table below. This vesting triggered immediate tax liabilities that were satisfied by partial sales of Common Shares on 18 and 19 March 2025.

 

Stuart Neal, CEO, vested 134,000 RSUs and, on 19 March 2025, sold 60,300 of the resultant Common Shares at a price of 166 pence per share to meet the tax liabilities from the vesting. As a result of these transactions, Mr. Neal's holding in the Company increased by 73,700 Common Shares to 708,525 Common Shares, representing 0.23% of the issued share capital of Company.

 

Jon Prideaux, Non-Executive Director, vested 210,000 RSUs and, on 18 and 19 March 2025, sold 692,905 Common Shares at a price of 166 pence per share to meet the tax liabilities from the vesting and for personal reasons. As a result of these transactions, Mr. Prideaux's holding in the Company decreased by 482,905 Common Shares to 3,018,644 Common Shares, representing 0.99% of the issued share capital of Company.

 

Mark Stannard, PDMR, vested 175,000 RSUs and, on 19 March 2025, sold 78,750 Common Shares at a price of 166 pence per share to meet the tax liabilities from the vesting. As a result of these transactions, Mr. Stannard's holding in the Company increased by 96,250 Common Shares to 389,445 Common Shares, representing 0.13% of the issued share capital of Company.

 

Adam Lee, PDMR, vested 175,000 RSUs and, on 18 and 19 March 2025, sold 175,000 Common Shares at a price of 166 pence per share to meet the tax liabilities from the vesting and for personal reasons. As a result of these transactions there is no change in Mr. Lee's holding in the Company which remains at 1,298,703 Common Shares, representing 0.43% of the issued share capital of Company.

 

Name
Role
Initial Shareholding
Net Common Shares Acquired / (Disposed of)
Resultant Shareholding (Common Shares)
Resultant Shareholding (% of issued share capital)
Stuart Neal
CEO
634,825
73,700
708,525
0.23%
Jon Prideaux
NED
3,501,549*
(482,905)
3,018,644
0.99%
Mark Stannard
PDMR
293,195
96,250
389,445
0.13%
Adam Lee
PDMR
1,298,703
Nil
1,298,703
0.43%

*includes 18,644 shares held by family members

 

As separately announced today, on 19 March 2025 Boku purchased 650,000 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 303,110,613 Common Shares of which 5,665,909 Common Shares will be held in treasury under Diagonal Nominees Ltd. Therefore, the total number of voting rights in Boku will be 297,444,704.

The above figure of 297,444,704 shares will be able to 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) Jon Prideaux
(iii) Mark Stannard
(iv) Adam Lee
2.
Reason for the notification
a.
Position/status
(i) Chief Executive Officer
(ii) Non-Executive Director
(iii) Chief Business Officer
(iv) 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
134,000
(ii) Nil
210,000
(iii) Nil
175,000
(iv) Nil
175,000
d.
Aggregated information
Aggregated volume
Price
N/A - single transactions as above in (c)
e.
Date of the transaction
18 March 2025
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) Jon Prideaux
(iii) Mark Stannard
(iv) Adam Lee
2.
Reason for the notification
a.
Position/status
(i) Chief Executive Officer
(ii) Non-Executive Director
(iii) Chief Business Officer
(iv) 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 and for personal reasons
c.
Price(s) and volume(s)
Price
Volume
(i) 166p
60,300
(ii) 166p
343,700
(iii) 166p
78,750
(iv) 166p
121,750
d.
Aggregated information
Aggregated volume
Price
N/A - transactions as above in (c)
e.
Date of the transaction
18 March 2025
f.
Place of the transaction
London Stock Exchange (XLON); AIM


 

1.
Details of the person discharging managerial responsibilities / person closely associated
a.
Name
(i) Jon Prideaux
(ii) Adam Lee
2.
Reason for the notification
a.
Position/status
(i) Non-Executive Director
(ii) 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 and for personal reasons
c.
Price(s) and volume(s)
Price
Volume
(i) 166p
349,205
(ii) 166p
53,250
d.
Aggregated information
Aggregated volume
Price
N/A - transactions as above in (c)
e.
Date of the transaction
19 March 2025
f.
Place of the transaction
London Stock Exchange (XLON); AIM


 

For further enquiries:

 

Boku
Stuart Neal, Chief Executive Officer
Rob Whittick, Chief Financial Officer
+44 (0)20 3934 6630
Investec Bank plc (Nominated Advisor & Joint Broker)
Nick Prowting/ Kamalini Hull / Patrick Robb
+44 (0)20 7597 5970
Peel Hunt LLP (Joint Broker)Neil Patel / Ben Cryer / Kate Bannatyne
+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 network of localised payment solutions. Boku's mobile-first payments network, including digital wallets, direct carrier billing, and A2A (account to account)/real-time payments schemes, reaching over 7 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, 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, Ireland, Japan, Singapore, Spain, Taiwan and Vietnam.

 

To learn more about Boku Inc., please visit: https://www.boku.com

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