Information  X 
Enter a valid email address

Boku Inc (BOKU)

  Print      Mail a friend

Friday 13 September, 2019

Boku Inc

Vesting of RSUs and PDMR Dealings

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.
 
END
 
 
DSHUOOSRKUAKAAR

a d v e r t i s e m e n t