Highlights

  • Boku has authorised a share buyback programme for up to 4,000,000 common shares.
  • The buyback will run until 30 April 2026, unless completed earlier.
  • Shares repurchased will be held in treasury for potential future use.

Boku Inc. (LSE:BOKU), a global provider of local payment solutions, has announced that its board of directors has approved a share buyback programme allowing the company to repurchase up to 4 million of its common shares. The programme forms part of the board’s existing authority to repurchase up to 5% of the company’s issued share capital at any one time.

Details of the Share Buyback Authority

Under the newly approved buyback programme, Boku is permitted to repurchase up to 4,000,000 common shares with a par value of $0.0001 per share. These shares will be held in treasury following repurchase.

Prior to the announcement, the company held 6,507,891 shares in treasury, representing approximately 2.1% of the total common shares in issue. The latest approval operates within the broader shareholder mandate that allows the company to hold up to 5% of its issued common stock in treasury at any given time.

Execution and Pricing Framework

Boku has appointed Investec Bank plc, its joint broker, to conduct the buyback programme on its behalf. The repurchases will be carried out in accordance with parameters set by the board.

The maximum price paid per share will not exceed the lower of two thresholds: 5% above the average middle market price over the five business days preceding the purchase, or the higher of the last independent trade price and the highest current independent bid on the relevant trading venue. These pricing limits are intended to govern the execution of the programme throughout its duration.

Timeline and Review Process

The buyback programme takes effect immediately and will remain open until 30 April 2026, unless the maximum number of shares authorised for repurchase is acquired before that date. Upon completion or expiry of the programme, the board will review prevailing conditions to determine whether a further buyback should be initiated under the existing authority.

Any subsequent decision will be communicated to the market as appropriate, based on circumstances at the time of review.

Use of Repurchased Shares and Market Considerations

Shares repurchased under the programme will be held in treasury and may be used to meet future obligations, including those arising from warrant exercises or employee equity remuneration plans. This approach may reduce the need for future share issuances related to such obligations.