REG - Boku Inc - Vesting of RSUs, PDMR Dealings,Total Voting Rights
20/03/2025 07:15
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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 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 134,000
(ii) Nil 210,000
(iii) Nil 175,000
(iv) Nil 175,000
d. Aggregated information
Aggregated volume N/A - single transactions as above in (c)
Price
e. Date of the transaction 18 March 2025
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
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 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 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 N/A - transactions as above in (c)
Price
e. Date of the transaction 18 March 2025
f. Place of the transaction London Stock Exchange (XLON); AIM
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 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 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 N/A - transactions as above in (c)
Price
e. Date of the transaction 19 March 2025
f. Place of the transaction London Stock Exchange (XLON); AIM
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 +44 (0)20 3934 6630
Stuart Neal, Chief Executive Officer
Rob Whittick, Chief Financial Officer
Investec Bank plc (Nominated Advisor & Joint Broker) +44 (0)20 7597 5970
Nick Prowting / Kamalini Hull / Patrick Robb
Peel Hunt LLP (Joint Broker) +44 (0)20 7418 8900
Neil Patel / Ben Cryer / Kate Bannatyne
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 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
(https://www.boku.com)
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