REG - Boku Inc - Share Buyback Programme

BokuAnnouncement

Today 09:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260317:nRSQ9684Wa&default-theme=true

RNS Number : 9684W  Boku Inc  17 March 2026

17 March 2026

Boku, Inc.

("Boku" or the "Company")

Share Buyback Programme

Boku (AIM: BOKU), a global network of Local Payment Methods (LPMs), announces
that its board of directors  ("Board") has resolved to utilise its authority
to repurchase up to 5% of its common stock with par value of $0.0001 per share
in the capital of the Company ("Common Stock"), and hold in Treasury.

The Company currently holds 10,507,891 Common Stock in Treasury, representing
approximately 3.45 per cent. of the total Common Stock in issue. The Board has
now approved a share buyback programme to repurchase up to a maximum of
4,000,000 Common Stock (the "Buyback Programme").

 

The Board believes that the current share price undervalues the Company. The
Buyback Programme represents a good investment opportunity and effective use
of our growing own-cash balances, as well as reaffirming our belief in the
Company's long term growth plan. Shares purchased will be held in Treasury and
may be used to satisfy future obligations from warrant holders or the staff
equity remuneration programme, thus minimising future dilution for
shareholders.

The Company has instructed Investec Bank plc, the Company's broker, to conduct
the Buyback Programme on its behalf in accordance with the authority granted
by the Company's Board (the "Authority"). The Buyback Programme will be
effected within certain pre-set parameters, including that the maximum price
paid per Common Stock shall be no more than the lower of (a) 5 per cent. above
the average of the middle market prices of the Common Stock (as derived from
the London Stock Exchange Daily Official List) for the five business days
immediately preceding the day of which the purchase is made; and (b) the
higher of the price of the last independent trade and the highest current
independent purchase bid on the trading venue on which the purchase is carried
out.

The Buyback Programme will be effective from 17 March 2026 and will expire on
30 September 2026 or, if earlier, if the maximum aggregate number of Common
Stock contemplated by the Buyback Programme has been purchased. At that point,
the Board intends to assess whether or not to commence a further buyback
programme, within the Board authority to repurchase up to 5% of the Common
Stock, based on the circumstances at the time and will provide an update as
appropriate.

Due to the limited liquidity in the issued Common Stock, a buyback of Common
Stock pursuant to the Authority on any trading day may represent a significant
proportion of the daily trading volume in the Common Stock on AIM and may
exceed 25 per cent of the average daily trading volume. Accordingly, the
Company will not benefit from the exemption contained in Article 5(1) of the
UK version of the Market Abuse Regulation (Regulation (EU) No 596/2014) as
incorporated into UK domestic law by virtue of the European Union (Withdrawal)
Act 2018.

 For further enquiries:
 Boku, Inc.
 Stuart Neal, Chief Executive Officer                      +44 (0)20 3805 4822
 Rob Whittick, Chief Financial Officer

 Investec Bank plc (Nominated Adviser & Joint Broker)      +44 (0)20 7597 5970
 Nick Prowting / Kamalini Hull / James Smith

 Headland Consultancy (Financial PR & IR)
 Matt Denham / Henry Wallers / Georgina Powley             +44 (0)20 3805 4822

Note to Editors:

Boku Inc. (AIM: BOKU) is a global network of Local Payment Methods (LPMs).
Through a single integration, Boku provides its merchants with access to a
comprehensive network of Direct Carrier Billing (DCB), Digital Wallets and
Account-to-Account (A2A) real-time payment schemes, reaching over 7 billion
consumer payment accounts worldwide. Boku also enables merchants to distribute
their services via its Bundling product and provides additional value-added
services, including currency conversion and cross-border funds settlement,
facilitating international expansion.

Boku's merchants include the world's largest technology, media and
entertainment companies, who trust the Group to simplify their integration to
hundreds of LPMs, acquire new paying users and prevent fraud.

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

 

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  MSCAKOBDCBKKAND



            Copyright 2019 Regulatory News Service, all rights reserved