REG - Boku Inc - Vesting of Restricted Stock Units & PDMR Dealings
27/03/2024 07:00
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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 Common Shares of $0.0001 each
Identification code
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 N/A - single transactions as above in (c)
Price
e. Date of the transaction 26 March 2024
f. Place of the transaction Outside of a trading venue
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 Common Shares of $0.0001 each
Identification code
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 N/A - single transactions as above in ©
Price
e. Date of the transaction 26 March 2024
f. Place of the transaction London Stock Exchange (XLON); AIM
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 Common Shares of $0.0001 each
Identification code
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 N/A - single transaction as above
Price
e. Date of the transaction 26 March 2024
f. Place of the transaction Outside of a trading venue
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 Common Shares of $0.0001 each
Identification code
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 N/A - single transaction as above
Price
e. Date of the transaction 26 March 2024
f. Place of the transaction London Stock Exchange (XLON); AIM
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 +44 (0)20 3934 6630
Stuart Neal, Chief Executive Officer
Keith Butcher, Chief Financial Officer
Investec Bank plc (Nominated Advisor & Joint Broker) +44 (0)20 7597 5970
Edward Knight / Nick Prowting / Cameron MacRitchie
Peel Hunt LLP (Joint Broker) +44 (0)20 7418 8900
Paul Gillam / Adam Telling
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934 6630
Tim Metcalfe / Graham Herring / Florence Chandler
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
(https://www.boku.com)
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