Last checked at 19 Mar 2021 07:00
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 acquired | Resultant shareholding | % of issued 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 / Amendment | Initial notification | ||||||||||||
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 of the financial instrument, type of instrument Identification code | Common Shares of $0.0001 each
USU7744C1063 | ||||||||||||
b. | Nature of the transaction | Acquisition of Common Shares, following vesting of restricted stock units under the 2009 and 2017 Equity Incentive Plans
| ||||||||||||
c. | Price(s) and volume(s) |
| ||||||||||||
d. | Aggregated information -Aggregated volume -Price |
N/A - single transactions as above in (c) | ||||||||||||
e. | Date of the transaction | 16 March 2021 | ||||||||||||
f. | Place of the transaction | Outside a trading venue | ||||||||||||
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 / Amendment | Initial notification | ||||||||||||
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 of the financial instrument, type of instrument Identification code | Common Shares of $0.0001 each
USU7744C1063 | ||||||||||||
b. | Nature of the transaction | Sale of sufficient Common Shares to meet tax liabilities as a condition of the vesting restricted stock units
| ||||||||||||
c. | Price(s) and volume(s) |
| ||||||||||||
d. | Aggregated information -Aggregated volume -Price |
N/A - single transactions as above in (c) | ||||||||||||
e. | Date of the transaction | 17 March 2021 | ||||||||||||
f. | Place of the transaction | London Stock Exchange (XLON); AIM | ||||||||||||
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 /Amendment | Initial notification | ||||
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 of the financial instrument, type of instrument Identification code | Common Shares of $0.0001 each
USU7744C1063 | ||||
b. | Nature of the transaction | Exercise of options over Common Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information Aggregated volume Price
|
N/A - single transaction as above | ||||
e. | Date of the transaction | 17 March 2021 | ||||
f. | Place of the transaction | Outside of a trading venue | ||||
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 /Amendment | Initial notification | ||||
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 of the financial instrument, type of instrument Identification code | Common Shares of $0.0001 each
USU7744C1063 | ||||
b. | Nature of the transaction | Sale of Common Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information Aggregated volume Price
|
N/A - single transaction as above | ||||
e. | Date of the transaction | 17 March 2021 | ||||
f. | Place of the transaction | London Stock Exchange (XLON); AIM | ||||
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 /Amendment | Initial notification | ||||
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 of the financial instrument, type of instrument Identification code | Common Shares of $0.0001 each
USU7744C1063 | ||||
b. | Nature of the transaction | Sale of Common Shares | ||||
c. | Price(s) and volume(s) |
| ||||
d. | Aggregated information Aggregated volume Price
|
N/A - single transaction as above | ||||
e. | Date of the transaction | 17 March 2021 | ||||
f. | Place of the transaction | London Stock Exchange (XLON); AIM | ||||
Enquiries:
Boku, Inc. Jon Prideaux, Chief Executive Officer Keith Butcher, Chief Financial Officer
| +44 (0)20 3934 6630 |
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Paul Gillam / Nick Prowting
| +44 (0)20 7418 8900 |
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Graham Herring / Florence Chandler | +44 (0)20 3934 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.