TIDMBOKU
RNS Number : 2505I
Boku Inc
31 March 2020
31 March 2020
Boku, Inc.
("Boku" or the "Company" and, together with its subsidiaries,
the "Group")
Vesting of Restricted Stock Units and PDMR Dealings
The Company announces that on 26 March 2020, restricted stock
units ("RSUs") over 1,726,893 common shares of $0.0001 each in the
Company ("Common Shares") vested for certain employees, including
the PDMRs listed below, and ex-employees. This vesting triggered
immediate tax liabilities that were satisfied by partial sales of
the Common Shares. The net increases in shareholdings for the PDMRs
are as follows:
Name Role Net shares Resultant shareholding % of issued
acquired share capital
Jon Prideaux CEO 21,999 2,615,923 1.020%
--------------- ---------- ----------------------- --------------
Adam Lee PDMR 9,848 1,058,723 0.413%
--------------- ---------- ----------------------- --------------
Mark Stannard PDMR 9,126 204,493 0.080%
--------------- ---------- ----------------------- --------------
Mike Cahill PDMR 21,849 325,404 0.127%
--------------- ---------- ----------------------- --------------
Non-Executive
Mark Britto Chairman 29,257 9,053,372 3.529%
--------------- ---------- ----------------------- --------------
The Company also announces that, on 26 March 2020, Mark Britto,
Non-Executive Chairman, was issued 1,567,110 RSUs over Common
Shares (the "Replacement RSUs"). These RSUs were issued to replace
options over 2,052,457 Common Shares which were originally granted
on 28 October 2016 and had an exercise price of USD$0.28 (the
"Stock Options"). Mr. Britto was unable to exercise the Stock
Options prior to their lapsing date of 15 March 2020 due to the
Company being in a closed period ahead of the announcement of its
audited preliminary financial results for the period ended 31
December 2019 ("Closed Period"). Accordingly, in order to replace
the expired Stock Options, the Board, on the recommendation of the
Board's Remuneration Committee, issued the Replacement RSUs on the
expiry of the Closed Period. These Replacement RSUs have, in
aggregate, the same economic value as the expired Stock Options and
will vest on 1 September 2020 or within 10 days following the
release of the Company's interim results for 2020.
Further details of the above transactions are detailed in the
disclosure tables below.
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) Adam Lee
(iii) Mark Stannard
(iv) Mike Cahill
(v) Mark Britto
------------------------------ ---------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a. Position/status (i) Chief Executive Officer
(ii) Chief Product Officer
(iii) Chief Business Officer, Payments
(iv) Chief Operating Officer
(v) Non-Executive Chairman
------------------------------ ---------------------------------------------
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 41,667
----------
(ii) Nil 16,667
----------
(iii) Nil 17,292
----------
(iv) Nil 33,334
----------
(v) Nil 41,667
----------
------------------------------ ---------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transactions as above in
(c)
* Price
------------------------------ ---------------------------------------------
e. Date of the 26/03/2020
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) Adam Lee
(iii) Mark Stannard
(iv) Mike Cahill
(v) Mark Britto
------------------------------ -----------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a. Position/status (i) Chief Executive Officer
(ii) Chief Product Officer
(iii) Chief Business Officer, Payments
(iv) Chief Operating Officer
(v) Non-Executive Chairman
------------------------------ -----------------------------------------------
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) 82p 19,668
----------
(ii) 82p 6,819
----------
(iii) 80p 8,166
----------
(iv) 82p 11,485
----------
(v) 82p 12,410
----------
------------------------------ -----------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transactions as above in
(c)
* Price
------------------------------ -----------------------------------------------
e. Date of the 30/03/2020
transaction
------------------------------ -----------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------ -----------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Mark Britto
------------------------------ -------------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a. Position/status Non-Executive Chairman
------------------------------ -------------------------------------------
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 Issue of restricted stock units
the transaction
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) nil 1,567,110
----------
------------------------------ -------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transaction as above in (c)
* Price
------------------------------ -------------------------------------------
e. Date of the 26/03/2020
transaction
------------------------------ -------------------------------------------
f. Place of the Outside a trading venue
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 / Nick Prowting / Christopher Golden 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 one of the world's leading providers of
carrier commerce and mobile identity solutions. Boku's technology
platform, which is linked to more than 190 mobile network operators
worldwide, verifies user identity, executes payments, and
provisions new services, simplifying daily mobile interactions
between consumers and digital organizations.
Boku's technology platform is used in over 59 countries with
over 815 million verified transactions in 2019, contributing $5
billion to the digital economy. Businesses that currently employ
Boku's platform to simplify sign-up, acquire new paying users and
prevent fraud include global leaders such as Apple, Discover,
Experian, Facebook, Fiserv, Google, Microsoft, Netflix, PayPal,
Sony, Spotify, Uber 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, 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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUAAURROUOOAR
(END) Dow Jones Newswires
March 31, 2020 08:15 ET (12:15 GMT)
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