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Pin to quick picksBoku Regulatory News (BOKU)

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Market Cap: £412.03m
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Share Buyback Programme Update

11 Feb 2025 07:00

RNS Number : 5939W
Boku Inc
11 February 2025
 

11 February 2025

Boku, Inc.

("Boku" or the "Company")

Share Buyback Programme Update

 

Boku (AIM: BOKU), a leading provider of mobile payment solutions, announces that it has completed its share buyback programme of 4,000,000 common stock of $0.0001 each ("Common Stock"), details of which were announced on 18 November 2024. Over the course of the share buyback programme, 4,000,000 Common Stock were repurchased at an average price of 182.14 pence, representing c. 1.3% of the Company's issued share capital at the start of the buyback. All of the Common Stock purchased in the programme have been held in Treasury.

The Company is pleased to announce that the Board has approved an extension of the current share buyback programme, originally announced on 18 November 2024, to repurchase up to a further 4,000,000 Common Stock (the "Buyback Extension").

The Company has instructed Investec Bank plc, the Company's broker, to conduct the Buyback Extension on its behalf. The Buyback Extension will be effected within certain pre-set parameters, including that the maximum price paid per Common Stock shall be 105 per cent. of the trailing five day average mid-market price, and in accordance with authority granted by the Company's Board to hold up to 5% of the Common Stock in Treasury. (the "Authority").

The Buyback Extension will be effective from 11 February 2025 and will expire on 30 June 2025, or earlier, if either the maximum aggregate number of Common Stock has been purchased or the maximum aggregate consideration has been reached.

Due to the limited liquidity in the issued Common Stock, a buy-back of Common Stock pursuant to the Authority on any trading day may represent a significant proportion of the daily trading volume in the Common Stock on AIM and may exceed 25 per cent of the average daily trading volume. Accordingly, the Company will not benefit from the exemption contained in Article 5(1) of the UK version of the Market Abuse Regulation (Regulation (EU) No 596/2014) as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018.

For further enquiries:

Boku

Stuart Neal, Chief Executive Officer +44 (0)20 3934 6630

Rob Whittick, Chief Financial Officer

Investec Bank plc (Nominated Advisor & Joint Broker)

Nick Prowting / Kamalini Hull / Patrick Robb +44 (0)20 7597 5970

IFC Advisory Limited (Financial PR & IR)

Tim Metcalfe / Graham Herring / Florence Chandler +44 (0)20 3934 6630

Note to Editors:

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Boku's mobile-first payments network, including mobile wallets, direct carrier billing, and account to account/real-time payments schemes, reaching over 7.5 billion mobile payment accounts through a single integration.

Customers that trust Boku to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify and Tencent.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Brazil, China, Estonia, France, Germany, Indonesia, Ireland, Japan, Singapore, Spain, Taiwan and Vietnam.

To learn more about Boku Inc., please visit: https://www.boku.com

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