Last checked at 5 Apr 2022 15:46
5 April 2022
Boku, Inc.
("Boku" or the "Company")
Vesting of Restricted Stock Units, PDMR Dealing and Total Voting Rights
The Company announces that on 1 April 2022, restricted stock units ("RSUs") over 2,020,351 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 1 April 2022.
Jon Prideaux, CEO, vested 300,000 RSUs and, on 1 April 2022, sold 141,564 of the resultant Common Shares at a price of 110 pence per share to meet the tax liabilities from the vesting and dealing expenses. As a result of these transactions, Mr Prideaux's holding in the Company increased by 158,436 Common Shares to 3,108,152 Common Shares, representing 1.04% of the issued share capital of Company.
Keith Butcher, CFO, vested 50,000 RSUs and, on 1 April 2022, sold 23,594 of the resultant Common Shares at a price of 110 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 26,406 Common Shares to 578,906 Common Shares, representing 0.19% of the issued share capital of the Company.
Mark Stannard, PDMR, vested 250,000 RSUs and, on 1 April 2022, sold 117,970 Common Shares at a price of 110 pence per share to meet the tax liabilities from the vesting and dealing expenses. As a result of these transactions, Mr Stannard's holding in the Company increased by 132,030 Common Shares to 164,333 Common Shares, representing 0.05% of the issued share capital of Company.
Adam Lee, PDMR, vested 250,000 RSUs and, on 1 April 2022, sold 86,760 Common Shares at a price of 110 pence per share to meet the tax liabilities from the vesting and dealing expenses. As a result of these transactions, Mr Lee's holding in the Company increased by 163,240 Common Shares to 1,385,478 Common Shares, representing 0.46% of the issued share capital of Company.
Name | Role | Net Shares Acquired | Resultant Shareholding | % of issued share capital |
Jon Prideaux | CEO | 158,436 | 3,108,152 | 1.04% |
Keith Butcher | CFO | 26,406 | 578,906 | 0.19% |
Mark Stannard | PDMR | 132,030 | 164,333 | 0.05% |
Adam Lee | PDMR | 163,240 | 1,385,478 | 0.46% |
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 298,806,500 Common Shares. Therefore, as of 5 April 2022, the total number of voting rights in Boku is 298,806,500.
The above figure of 298,806,500 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) Mark Stannard (iv) Adam Lee | |||||||||||
2. | Reason for the notification | ||||||||||||
a. | Position/status | (i) Chief Executive Officer (ii) Chief Financial Officer (iii) Chief Business Officer (iv) Chief Product 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
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b. | Nature of the transaction | Acquisition of Common Shares following vesting of restricted stock units under the 2017 Equity Incentive Plans | |||||||||||
c. | Price(s) and volume(s) |
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d. | Aggregated information Aggregated volume Price
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N/A - single transactions as above in (c)
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e. | Date of the transaction | 1 April 2022 | |||||||||||
f. | Place of the transaction | Outside of a trading venue | |||||||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||
a. | Name | (i) Jon Prideaux (ii) Keith Butcher (iii) Mark Stannard (iv) Adam Lee | |||||||||||
2. | Reason for the notification | ||||||||||||
a. | Position/status | (i) Chief Executive Officer (ii) Chief Financial Officer (iii) Chief Business Officer (iv) Chief Product 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) |
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d. | Aggregated information Aggregated volume Price
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N/A - single transaction as above | |||||||||||
e. | Date of the transaction | 1 April 2022 | |||||||||||
f. | Place of the transaction | London Stock Exchange (XLON); AIM | |||||||||||
Enquiries:
Boku, Inc.
Jon Prideaux, Chief Executive Officer +44 (0)20 3934 6630
Keith Butcher, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0)20 7418 8900
Edward Knight / Paul Gillam / James Smith
IFC Advisory Limited (Financial PR & IR) +44 (0)20 3934 6630
Tim Metcalfe / Graham Herring / Florence Chandler
Notes to Editors
Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Its Mobile First Payments Network 'M1ST' features 330+ mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes, reaching over 7 billion mobile payment accounts in 91 countries - all 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, Apple, 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, Japan, Singapore, Spain, Taiwan and Vietnam.
To learn more about Boku Inc., please visit: https://www.boku.com