Share Buyback Programme

RNS Number : 6004R

Boku Inc

07 July 2022

 

7 July 2022

Boku, Inc.

("Boku" or the "Company")

SHARE BUYBACK PROGRAMME

Boku (AIM: BOKU), a leading provider of mobile payment solutions, announces that its board of directors ("Board") has approved a share buyback programme to repurchase common stock with par value of $0.0001 per share in the capital of the Company ("Common Stock") up to a maximum aggregate consideration of £8 million and up to a maximum of 5 million Common Stock (the "Buyback Programme").

The purpose of the Buyback Programme is to hold the Common Stock in treasury for the purpose of satisfying future obligations in relation to the staff equity remuneration programme.

The Company has instructed Peel Hunt LLP, the Company's broker, to conduct the Buyback Programme on its behalf. The Buyback Programme will be effected within certain pre-set parameters, including that the maximum price paid per Common Stock shall be 105 per cent. of the trailing 5 day average mid-market price, and in accordance with the authority granted by the Company's Board (the "Authority") .

The Buyback Programme will be effective from the date of this announcement and will expire on 30 June 2023, or earlier, if either the maximum aggregate number of Common Stock have been purchased or the maximum aggregate consideration has been reached.

Due to the limited liquidity in the issued Common Stock, a buy-back 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.

Enquiries:

Boku, Inc.

Jon Prideaux, Chief Executive Officer                                                                              [phone]

Keith Butcher, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)                             [phone]

Edward Knight / Paul Gillam / James Smith

IFC Advisory Limited (Financial PR & IR)                                                            [phone]

Tim Metcalfe / Graham Herring / Florence Chandler

Notes to Editors

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Its Mobile First Payments Network 'M1ST' features 340+ mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes, reaching over 7 billion mobile payment accounts in 91 countries - all 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, Apple, Facebook, Google, Microsoft, Netflix, PayPal, 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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