TIDMBOKU
RNS Number : 5026Z
Boku Inc
21 September 2020
21 September 2020
Boku, Inc.
("Boku" or the "Company" and, together with its subsidiaries,
the "Group")
Vesting of PDMR Restricted Stock Units and PDMR Dealings
The Company announces that on 16 and 17 September 2020,
restricted stock units ("RSUs") over 1,915,029 common shares of
$0.0001 each in the Company ("Common Shares") vested for the PDMRs
listed below. This vesting triggered immediate tax liabilities
that, in the case of Mark Britto, were satisfied by a partial sale
of the resultant Common Shares. Further information is provided in
the disclosure tables below.
The net increases in shareholdings for the PDMRs following these
transactions are as follows:
Name Role Net shares Resultant % of issued
acquired shareholding share capital
Non-Executive
Mark Britto Chairman 1,274,773 10,328,145 3.604%
----------------- ---------- -------------- --------------
Chief Financial
Keith Butcher Officer 103,276 368,750 0.129%
----------------- ---------- -------------- --------------
Independent
Non-Executive
Richard Hargreaves Director 103,276 1,486,284 0.519%
----------------- ---------- -------------- --------------
The Company also announces that, on 17 September 2020, Jon
Prideaux, Chief Executive Officer, exercised a total of 2,000,000
options over Common Shares at 89 pence per share under the
Company's Amended and Restated 2009 Equity Incentive Plan (the
"Plan"). The Plan obliged Mr. Prideaux to exercise these options
and sell a sufficient portion of the resultant Common Shares in
order to meet resultant tax liabilities and to repay the promissory
note of US$793,500 issued to him on 24 December 2013, as outlined
in the Company's Admission Document, in connection with the issue
of 1,150,000 Common Shares to him, prior to its expiry in December
2023. Accordingly, on 17 September 2020, Mr. Prideaux sold a total
of 1,972,094 Common Shares at an average price of 89 pence per
share.
Following this notification, Mr. Prideaux's beneficial holding
in the Company has increased to 2,643,829 Common Shares (which
represents 0.923% of the issued share capital of the Company).
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) Mark Britto
(ii) Keith Butcher
(iii) Richard Hargreaves
------------------------------ -----------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a. Position/status (i) Non-Executive Chairman
(ii) Chief Financial Officer
(iii) Independent Non-Executive Director
------------------------------ -----------------------------------------------
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 1,708,477
----------
(i) Nil 103,276
----------
(i) Nil 103,276
----------
------------------------------ -----------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transactions as above in
(c)
* Price
------------------------------ -----------------------------------------------
e. Date of the (i) 17/09/2020
transaction
(ii) 16/09/2020
(iii) 16/09/2020
------------------------------ -----------------------------------------------
f. Place of the Outside a trading venue
transaction
------------------------------ -----------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name (i) Mark Britto
------------------------------ -----------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a. Position/status (i) 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) 90p 433,704
----------
------------------------------ -----------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transactions as above in
(c)
* Price
------------------------------ -----------------------------------------------
e. Date of the 17/09/2020
transaction
------------------------------ -----------------------------------------------
f. Place of the London Stock Exchange (XLON); AIM
transaction
------------------------------ -----------------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name 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 Exercise of options
the transaction
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 89p 2,000,000
----------
------------------------------ -------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transaction as above in (c)
* Price
------------------------------ -------------------------------------------
e. Date of the 17/09/2020
transaction
------------------------------ -------------------------------------------
f. Place of the Outside 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 Sale of exercised options
the transaction
------------------------------ -------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s) 89p 1,972,094
----------
------------------------------ -------------------------------------------
d. Aggregated
information
* Aggregated volume N/A - single transaction as above in (c)
* Price
------------------------------ -------------------------------------------
e. Date of the 17/09/2020
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 / 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 a leading global provider of mobile
payment and mobile identity solutions. Boku's technology platform,
which is linked to more than 200 mobile wallets and 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, FIS, Fiserv, Google, Microsoft, Netflix,
Paypal, Sony, 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
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END
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