Boku Inc — Share Issue/Capital Change 2019

Jun 26, 2019

National Storage Mechanism | Additional information

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RNS Number : 5542D

Boku Inc

26 June 2019

26 June 2019

Boku, Inc.

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

Issue of Common Shares and Total Voting Rights

Boku, the world's leading independent direct carrier commerce company announces, further to the announcement on 2 January 2019 in relation to the completion of the Acquisition of Danal, that the loan of US$8,500,000 owed by Danal Korea to Citibank (USA) has been fully repaid. The Company has therefore issued 4,631,648 common shares of $0.0001 each ("Common Shares") and warrants over 1,634,699 Common Shares exercisable for five years at an exercise price of £1.41 each ("Warrants"), to Danal Korea.

Application has been made to the London Stock Exchange for admission of the Common Shares to trading on AIM and these Common Shares, which will rank pari passu with the Company's existing issued Common Shares, are expected to be admitted to trading on or around 28 June 2019 ("Admission"). Following Admission, the total number of Common Shares in issue will be 250,136,838. The Company holds no shares in treasury. Therefore, the total number of voting rights in Boku is 250,136,838.

The above figure of 250,136,838 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 FCA's Disclosure Guidance and Transparency Rules.

Following Admission, Danal Korea will have a beneficial holding of 13,311,296 Common Shares (which represents 5.3% of the issued share capital of the Company).

Unless otherwise defined herein, definitions used in this announcement are the same as those used in the announcement released by the Company on 2 January 2019.

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 / Peter Stewart / 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 leading independent direct carrier billing company in the world. Boku's technology enables 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.

Boku's platform connects its customers, including Apple, Google, Facebook, Microsoft, Spotify and Sony, with billing, identity and sales systems of mobile network operators. The Group's technology makes a consumer's mobile phone number a convenient and secure payment method, providing an alternative to credit and debit cards. By using Boku, merchants take people with mobile phones and make them paying users.

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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