Boku Inc (BOKU), the mobile payments technology company, has received a formal major shareholding notification from Richard Griffiths, a Jersey-based investor, disclosing that his combined interest in the business crossed a reporting threshold on 5 November 2026. The TR-1 filing, submitted to Boku and the FCA on 9 November 2026, reveals that Griffiths now holds a total position of 6.62% of Boku's voting rights, up from a previous notified position of 5.01%. The increase reflects a meaningful build in exposure to the AIM-quoted payments group, which provides carrier billing and local payment solutions to digital merchants globally.

Key Points

  • Boku Inc (BOKU) — AIM-quoted mobile payments technology company
  • Richard Griffiths of St Helier, Jersey disclosed a combined voting interest of 6.62% in Boku, up from a previously notified 5.01%
  • Threshold crossed on 5 November 2026; Boku notified on 9 November 2026; total voting rights of the issuer stand at 18,768,414
  • Investors may watch for any further threshold crossings or additional disclosures from Griffiths in coming weeks

Richard Griffiths Crosses Reporting Threshold with Combined 6.62% Position in Boku

The TR-1 notification confirms that Griffiths holds 17,034,906 ordinary shares in Boku, representing 6.01% of voting rights attached directly to shares under the ISIN USU7744C1063. An additional 0.61% exposure is held via cash-settled contracts for difference (CFDs) equating to 1,733,508 voting rights, bringing his total combined position to 6.62%. The previous notification had recorded a total of 5.01%, comprising 4.34% in shares and 0.67% through financial instruments, indicating both the direct shareholding and the CFD component have been adjusted since that prior disclosure.

Breakdown of Griffiths' Direct and Indirect Holdings Across Controlled Entities

The filing sets out that Griffiths personally holds voting rights equivalent to 4.35% directly, alongside 0.61% through financial instruments, totalling 4.96% at the individual level. A further 1.66% in direct voting rights is attributed to other entities within his chain of controlled undertakings, bringing the aggregate to 6.01% in shares and 6.62% in total. The announcement states that Griffiths is not controlled by any natural person or legal entity, and the notification was completed in St Helier, Jersey on 9 November 2026.

Boku's Non-UK Issuer Status and FCA Major Shareholding Disclosure Requirements

Boku Inc is classified as a non-UK issuer under the TR-1 framework, as indicated in the filing. Despite this classification, the company remains subject to FCA major shareholding notification rules applicable to issuers with shares admitted to trading on UK markets. The total number of voting rights of the issuer is disclosed in the filing as 18,768,414, which forms the denominator used to calculate each percentage holding. This figure provides investors with a reference point for assessing the scale of Griffiths' accumulated position relative to the overall share capital.

Significance of a 6.62% Stake Build for Boku Shareholders to Monitor

A combined interest of 6.62% represents a substantial individual position in Boku, a company that processes payments across mobile carrier networks for digital content and subscription merchants internationally. The increase from 5.01% to 6.62% suggests continued accumulation by Griffiths over the period preceding the threshold crossing. Investors may be watching whether this position continues to grow, potentially triggering further disclosure obligations at higher thresholds under UK transparency rules, or whether the current filing represents a stabilisation of Griffiths' exposure to the payments group.