Boku, the world’s leading independent direct carrier billing company, is pleased to announce the admission today of its Common Shares to trading on the AIM Market of the London Stock Exchange (“Admission”). Peel Hunt is acting as nominated adviser and sole broker to the Company in relation to Admission.
Highlights
·Dealings in the Common Shares will commence today under the ticker “BOKU” with the ISIN USU7744C1063
·Significantly oversubscribed placing by Peel Hunt which saw strong demand from a wide range of institutional investors
·The placing raised £45 million and consisted of (i) a placing of 25,423,728 milion new Common Shares, to raise gross proceeds of £15 million for the Company; and (ii) the placing of 50,847,458 million existing Common Shares, to raise gross proceeds of £30 million for selling shareholders, all at a placing price of 59 pence per share (“Placing Price”)
·The Company’s market capitalisation as at Admission, based on the Placing Price, is c.£125m
The Company’s Admission Document will be available at https://investors.boku.com as of Admission.
Jon Prideaux, CEO of Boku, commented:
“The AIM Admission today is a significant milestone for Boku and strongly positions the Company to accelerate its growth plans. We are delighted with the backing shown by a wide number of quality institutional investors and thank them for their support.
“Boku is very well positioned in the direct carrier billing market and there are significant opportunities for growth which we intend to capitalise on. We very much look forward to life as a public company and to updating the market on our continued progress in the months and years ahead.”
