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
