Boku doubles scale of current share buyback programme

Tue, 11th Feb 2025 09:53

(Alliance News) - Boku Inc on Tuesday said it is extending its current share buyback programme.

The San Francisco-based mobile payment service provider said it has approved the repurchase of up to a further 4.0 million shares.

The current 4.0 million common stock share buyback programme has concluded, after being announced in November.

The company bought back GBP7.3 million of shares for an average 182.14 pence each, representing around 1.3% of its issued share capital at the start of the buyback.

The extension will be conducted by Investec Bank PLC within parameters, including that the maximum price paid per share will be 105% of the trailing five-day average mid-market price.

The extension will expire on June 30 or earlier if the maximum number of shares has been purchased.

Boku shares rose 0.2% to 168.26 pence in London on Tuesday morning.

By Michael Hennessey, Alliance News reporter

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