Exercise of Warrants, Issuance of Shares & TVR
Danal Company exercised 1,634,699 warrants at 141p, receiving $3m consideration and diluting share count.
- Warrants exercised 1,634,699
- Exercise price per warrant 141p
- Cash received US$3,000,000
- Total common shares in issue post-admission 303,028,613
- Total voting rights 302,281,162
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Boku (AIM: BOKU), a leading global provider of mobile payment solutions, announces that Danal Company Ltd has exercised 1,634,699 warrants over common shares of $0.0001 each in the Company ("Warrants"). The Warrants were exercisable at 141p each and a total compensation of US$3,000,000 has been received by the Company. The Warrants were issued as part of the initial consideration in respect of the Company's acquisition of Danal, Inc., as announced on 6 December 2018.
Application has been made to the London Stock Exchange for admission to trading on AIM of 1,634,699 new common shares of $0.0001 each ("Common Shares"). These shares will be issued credited as fully paid, will rank pari passu with the existing Common Shares in issue and are expected to be admitted to trading on or around 1 July 2024 ("Admission").
Following Admission, the total number of Common Shares in issue will be 303,028,613. There are 747,451 shares held in Treasury under Diagonal Nominees Ltd.
Therefore, the total number of voting rights in Boku is 302,281,162.
The above figure of 302,281,162 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.