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Boku Inc. Strengthens Market Position with Share Buyback

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Boku Inc. Strengthens Market Position with Share Buyback

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BOKU ( (GB:BOKU) ) has shared an announcement.

Boku Inc. announced the purchase of 100,000 of its common shares, each priced at 161 pence, through Investec Bank plc, with plans to hold these shares in treasury. This transaction impacts the company’s total voting rights, now consisting of 295,413,679 voting shares, which stakeholders can use for interest calculations under FCA guidelines. This move might strengthen Boku’s market position by optimizing its capital structure and potentially enhancing shareholder value.

More about BOKU

Boku Inc. is a leading global provider of mobile payment solutions, offering services such as mobile wallets, direct carrier billing, and real-time payments, reaching over 7.5 billion mobile payment accounts through a single integration. The company’s clients include major global firms like Amazon, Meta Platforms, Google, Microsoft, Netflix, Sony, Spotify, and Tencent. Boku was founded in 2008, headquartered in London, UK, and has a presence in multiple countries including the US, India, Brazil, China, and several others.

YTD Price Performance: -9.07%

Average Trading Volume: 585,652

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £489.2M

See more data about BOKU stock on TipRanks’ Stock Analysis page.

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