TIDMBOKU

RNS Number : 7925S

Boku Inc

19 March 2021

19 March 2021

Boku, Inc.

("Boku" or the "Company" and, together with its subsidiaries, the "Group")

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

The Company announces that on 16 March 2021, restricted stock units ("RSUs") over 3,127,257 common shares of $0.0001 each in the Company ("Common Shares") vested for certain employees, including the PDMRs listed in the table below, and ex-employees. This vesting triggered immediate tax liabilities that were satisfied by partial sales of Common Shares on 17 March 2021.

Jon Prideaux, CEO, vested 350,000 RSUs and, on 17 March 2021, exercised a total of 2,450,000 options over Common Shares at $0.28 per Common Share under the Company's Amended and Restated 2009 Equity Incentive Plan. On 17 March 2021, Mr. Prideaux sold 2,494,113 of the resultant Common Shares at a price of 159.34 pence per share to meet the tax liabilities from the vesting and exercise, dealing expenses and to fund a house purchase. As a result of these transactions, Mr Prideaux's holding in the Company increased by 305,887 Common Shares to 2,949,716 Common Shares, representing 1.005% of the issued share capital of Company.

Keith Butcher, CFO, vested 75,000 RSUs and, on 17 March 2021, sold 35,250 of the resultant Common Shares at a price of 159.34 pence per Common Share to meet the tax liabilities from the vesting and dealing expenses. As a result of this transaction Mr Butcher's holding in the Company increased by 39,750 Common Shares to 542,500 Common Shares, representing 0.185% of the issued share capital of the Company.

Stuart Neal, PDMR, vested 400,000 RSUs and, on 17 March 2021, sold 389,558 Common Shares at a price of 159.34 pence per share . As a result of these transactions, Mr Neal's holding in the Company increased by 10,442 Common Shares to 363,956 Common Shares, representing 0.124% of the issued share capital of Company .

The net increases in shareholdings and resultant shareholdings for the PDMRs in relation to these transactions are as follows:

 
 Name             Role   Net shares   Resultant shareholding   % of issued 
                          acquired                             share capital 
 Jon Prideaux      CEO    305,887           2,949,716             1.005% 
                 ------  ----------  -----------------------  -------------- 
 Keith Butcher     CFO     39,750            542,500              0.185% 
                 ------  ----------  -----------------------  -------------- 
 Adam Lee         PDMR    167,681           1,222,238             0.416% 
                 ------  ----------  -----------------------  -------------- 
 Stuart Neal      PDMR     10,442            363,956              0.124% 
                 ------  ----------  -----------------------  -------------- 
 Mark Stannard    PDMR     23,447            227,940              0.078% 
                 ------  ----------  -----------------------  -------------- 
 

Further details of the above transactions are detailed in the disclosure tables below.

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 issued share capital comprises 293,562,341 Common Shares. Therefore, the total number of voting rights in Boku is 293,562,341.

The above figure of 293,562,341 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) Jon Prideaux 
                                          (ii) Keith Butcher 
                                          (iii) Adam Lee 
                                          (iv) Stuart Neal 
                                          (v) Mark Stannard 
     ------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a.   Position/status                      (i) Chief Executive Officer 
                                            (ii) Chief Financial Officer 
                                            (iii) Chief Product Officer 
                                            (iv) General Manager, Identity 
                                            (v) Chief Business Officer 
     ------------------------------  ------------------------------------------ 
 b.   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  ------------------------------------------ 
 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                     Common Shares of $0.0001 each 
       of the financial 
       instrument, 
       type of instrument              USU7744C1063 
       Identification 
       code 
     ------------------------------  ------------------------------------------ 
 b.   Nature of                       Acquisition of Common Shares, following 
       the transaction                 vesting of restricted stock units under 
                                       the 2009 and 2017 Equity Incentive Plans 
     ------------------------------  ------------------------------------------ 
 c.   Price(s) and                      Price(s)    Volume(s) 
       volume(s)                         (i) Nil      350,000 
                                                    ---------- 
                                         (ii) Nil     75,000 
                                                    ---------- 
                                        (iii) Nil     260,000 
                                                    ---------- 
                                         (iv) Nil     400,000 
                                                    ---------- 
                                         (v) Nil      44,401 
                                                    ---------- 
     ------------------------------  ------------------------------------------ 
 d.        Aggregated 
            information 
             *    Aggregated volume     N/A - single transactions as above in 
                                        (c) 
 
             *    Price 
     ------------------------------  ------------------------------------------ 
 e.   Date of the                     16 March 2021 
       transaction 
     ------------------------------  ------------------------------------------ 
 f.   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                               (i) Jon Prideaux 
                                          (ii) Keith Butcher 
                                          (iii) Adam Lee 
                                          (iv) Stuart Neal 
                                          (v) Mark Stannard 
     ------------------------------  ----------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------------- 
 a.   Position/status                      (i) Chief Executive Officer 
                                            (ii) Chief Financial Officer 
                                            (iii) Chief Product Officer 
                                            (iv) General Manager, Identity 
                                            (v) Chief Business Officer 
     ------------------------------  ----------------------------------------------- 
 b.   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  ----------------------------------------------- 
 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                     Common Shares of $0.0001 each 
       of the financial 
       instrument,                     USU7744C1063 
       type of instrument 
       Identification 
       code 
     ------------------------------  ----------------------------------------------- 
 b.   Nature of                       Sale of sufficient Common Shares to meet 
       the transaction                 tax liabilities as a condition of the vesting 
                                       restricted stock units 
     ------------------------------  ----------------------------------------------- 
 c.   Price(s) and                        Price(s)      Volume(s) 
       volume(s)                         (i) 159.34p      146,910 
                                                        ---------- 
                                         (ii) 159.34p     35,250 
                                                        ---------- 
                                        (iii) 159.34p     92,319 
                                                        ---------- 
                                         (iv) 159.34p     189,558 
                                                        ---------- 
                                         (v) 159.34p      20,954 
                                                        ---------- 
     ------------------------------  ----------------------------------------------- 
 d.        Aggregated 
            information 
             *    Aggregated volume     N/A - single transactions as above in 
                                        (c) 
 
             *    Price 
     ------------------------------  ----------------------------------------------- 
 e.   Date of the                     17 March 2021 
       transaction 
     ------------------------------  ----------------------------------------------- 
 f.   Place of the                    London Stock Exchange (XLON); AIM 
       transaction 
     ------------------------------  ----------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                     Jon Prideaux 
     -----------------------  ------------------------------------------ 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status          Chief Executive Officer 
     -----------------------  ------------------------------------------ 
 b.   Initial notification     Initial notification 
       /Amendment 
     -----------------------  ------------------------------------------ 
 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              Common Shares of $0.0001 each 
       of the financial 
       instrument,              USU7744C1063 
       type of instrument 
       Identification 
       code 
     -----------------------  ------------------------------------------ 
 b.   Nature of the            Exercise of options over Common Shares 
       transaction 
     -----------------------  ------------------------------------------ 
 c.   Price(s) and               Exercise price      Volume 
       volume(s)                             $0.28   2,450,000 
                                                    ---------- 
     -----------------------  ------------------------------------------ 
 d.   Aggregated 
       information               N/A - single transaction as above 
       Aggregated 
       volume 
       Price 
     -----------------------  ------------------------------------------ 
 e.   Date of the              17 March 2021 
       transaction 
     -----------------------  ------------------------------------------ 
 f.   Place of the             Outside of a trading venue 
       transaction 
     -----------------------  ------------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                      Jon Prideaux 
     ------------------------  ----------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status           Chief Executive Officer 
     ------------------------  ----------------------------------------- 
 b.   Initial notification      Initial notification 
       /Amendment 
     ------------------------  ----------------------------------------- 
 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               Common Shares of $0.0001 each 
       of the financial 
       instrument,               USU7744C1063 
       type of instrument 
       Identification 
       code 
     ------------------------  ----------------------------------------- 
 b.   Nature of the             Sale of Common Shares 
       transaction 
     ------------------------  ----------------------------------------- 
 c.   Price(s) and                      Price           Volume 
       volume(s)                              159.34p   2,347,203 
                                                       ---------- 
     ------------------------  ----------------------------------------- 
 d.   Aggregated 
       information                N/A - single transaction as above 
       Aggregated 
       volume 
       Price 
     ------------------------  ----------------------------------------- 
 e.   Date of the               17 March 2021 
       transaction 
     ------------------------  ----------------------------------------- 
 f.   Place of the              London Stock Exchange (XLON); AIM 
       transaction 
     ------------------------  ----------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                      Stuart Neal 
     ------------------------  ----------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status           General Manager, Identity / PDMR 
     ------------------------  ----------------------------------------- 
 b.   Initial notification      Initial notification 
       /Amendment 
     ------------------------  ----------------------------------------- 
 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               Common Shares of $0.0001 each 
       of the financial 
       instrument,               USU7744C1063 
       type of instrument 
       Identification 
       code 
     ------------------------  ----------------------------------------- 
 b.   Nature of the             Sale of Common Shares 
       transaction 
     ------------------------  ----------------------------------------- 
 c.   Price(s) and                      Price          Volume 
       volume(s)                              159.34p   200,000 
                                                       -------- 
     ------------------------  ----------------------------------------- 
 d.   Aggregated 
       information                N/A - single transaction as above 
       Aggregated 
       volume 
       Price 
     ------------------------  ----------------------------------------- 
 e.   Date of the               17 March 2021 
       transaction 
     ------------------------  ----------------------------------------- 
 f.   Place of the              London Stock Exchange (XLON); AIM 
       transaction 
     ------------------------  ----------------------------------------- 
 

Enquiries:

 
 Boku, Inc. 
  Jon Prideaux, Chief Executive Officer                +44 (0)20 3934 
  Keith Butcher, Chief Financial Officer                6630 
 Peel Hunt LLP (Nominated Adviser and Broker)           +44 (0)20 7418 
  Edward Knight / Paul Gillam / Nick Prowting            8900 
 IFC Advisory Limited (Financial PR & IR)              +44 (0)20 3934 
  Tim Metcalfe / Graham Herring / Florence Chandler     6630 
 

Notes to Editors

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment and identity solutions. Boku technology is integrated into over 220 mobile wallets and network operators worldwide powering mobile user authentication and mobile payments. Boku processes over 800 million transactions worth more than $7 billion annually in nearly 70 countries. Global leaders that rely on Boku to acquire, monetise, and protect digital consumer transactions include Apple, Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Estonia, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

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 or visit 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.

END

DSHDBGDXCXBDGBI

(END) Dow Jones Newswires

March 19, 2021 03:00 ET (07:00 GMT)