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BOKU ( (GB:BOKU) ) has shared an announcement.
Boku Inc. has completed its share buyback program, repurchasing 4,000,000 shares at an average price of 182.14 pence, which was about 1.3% of its issued share capital. The company has announced an extension of this program, allowing for the repurchase of an additional 4,000,000 shares. The buyback extension will be managed by Investec Bank plc and is set to run from February 11, 2025, to June 30, 2025, unless the maximum stock or consideration is reached earlier. This move reflects Boku’s commitment to managing its share capital effectively, although it will not benefit from certain regulatory exemptions due to limited stock liquidity, potentially impacting the stock’s daily trading volume.
More about BOKU
Boku Inc. is a leading global provider of mobile payment solutions, offering a mobile-first payments network that includes mobile wallets, direct carrier billing, and real-time payment schemes. The company reaches over 7.5 billion mobile payment accounts through a single integration, catering to major clients such as Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify, and Tencent. Founded in 2008 and headquartered in London, UK, Boku has expanded its presence with offices across the globe in countries including the US, India, Brazil, China, and more.
YTD Price Performance: -6.04%
Average Trading Volume: 471,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £507.5M
For a thorough assessment of BOKU stock, go to TipRanks’ Stock Analysis page.
