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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September 21, 2020 02:00 ET (06:00 GMT)

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