Boku Inc — Director's Dealing 2019

Sep 13, 2019

National Storage Mechanism | Additional information

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RNS Number : 3403M

Boku Inc

13 September 2019

13 September 2019

Boku, Inc.

("Boku" or the "Company" and, together with its subsidiaries, the "Group")

Vesting of Restricted Stock Units and PDMR Dealings

The Company announces that on 10 September 2019, restricted stock units over 1,510,275 common shares of $0.0001 each in the Company ("Common Shares") vested for certain employees, including the PDMRs listed below, and ex-employees. This vesting triggered immediate tax liabilities that were satisfied by partial sales of the Common Shares. The net increases in shareholdings for the PDMRs are as follows:

Name	Role	Net shares acquired	Resultant shareholding	% of issued share capital
Jon Prideaux	CEO	231,040	2,593,924	1.029%
Adam Lee	PDMR	130,323	1,048,875	0.416%
Mark Stannard	PDMR	5,772	195,367	0.077%
Mike Cahill	PDMR	141,383	303,555	0.120%
Mark Britto	Non-Executive Chairman	189,829	9,024,115	3.579%

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)        Adam Lee

(iii)        Mark Stannard

(iv)        Mike Cahill

(v)         Mark Britto

2.         

Reason for the notification

a.         

Position/status

(i)         Chief Executive Officer

(ii)        Chief Product Officer

(iii)       Chief Business Officer, Payments

(iv)       Chief Operating Officer

(v)       Non-Executive Chairman

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)

Price(s)	Volume(s)
(i)         Nil	437,500
(ii)        Nil	275,000
(iii)       Nil	10,938
(iv)       Nil	300,000
(v)        Nil	312,500

d.         

Aggregated information

-Aggregated volume

-Price

N/A - single transactions as above in (c)

e.         

Date of the transaction

11/09/2019

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)        Adam Lee

(iii)        Mark Stannard

(iv)        Mike Cahill

(v)        Mark Britto

2.         

Reason for the notification

a.         

Position/status

(i)         Chief Executive Officer

(ii)        Chief Product Officer

(iii)       Chief Business Officer, Payments

(iv)       Chief Operating Officer

(v)        Non-Executive Chairman

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)

Price(s)	Volume(s)
(i)        110p	206,460
(ii)       110p	144,677
(iii)       110p	5,166
(iv)       110p	158,617
(v)        110p	122,671

d.         

Aggregated information

-Aggregated volume

-Price

N/A - single transactions as above in (c)

e.         

Date of the transaction

11/09/2019

f.         

Place of the transaction

London Stock Exchange (XLON); AIM

Enquiries:

Boku, Inc. Jon Prideaux, Chief Executive Officer Stuart Neal, Chief Financial Officer	+44 (0)20 3934 6630
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Christopher Golden / Nick Prowting	+44 (0)20 7418 8900
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Heather Armstrong / Florence Chandler	+44 (0)20 3934 6630

Notes to Editors

Incorporated in 2008, Boku is the world's leading independent carrier commerce company. Boku's Platform, which is linked to billing, identity and sales systems of more than 170 mobile network operators, simplifies transacting on mobile devices. Boku's Payment products enable mobile phone users, of which there are more than five billion worldwide, to buy goods and services and charge them to their mobile phone bill or pre-pay balance. Its Identity Products are used to verify user details. Companies like Apple, Google, Facebook, Microsoft, PayPal, Spotify, Square, Sony and Western Union use Boku to simplify sign-up, acquire new paying users and prevent fraud. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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