Receipt of purchase price adjustment re Identity

3 August 2022

 

 

Boku, Inc.

 

("Boku" or the "Company")

 

Post completion purchase price adjustment following divestment of Boku Identity to Twilio

 

Boku (AIM: BOKU), a leading provider of mobile payment solutions, is pleased to confirm, further to its announcements on 19 January 2022 and 1 March 2022, the receipt of $155,972 in cash from Twilio following a post-completion purchase price adjustment. Subject to the terms and conditions of the SPA, Boku expects to receive two further holdback payments up to $6.2 million, within 18 months post-completion.

Enquiries:

Boku, Inc.

Jon Prideaux, Chief Executive Officer                                                                                             +44 (0)20 3934 6630

Keith Butcher, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Broker)                                           +44 (0)20 7418 8900

Edward Knight / Paul Gillam / James Smith

IFC Advisory Limited (Financial PR & IR)                                                                         +44 (0)20 3934 6630

Tim Metcalfe / Graham Herring / Florence Chandler

Notes to Editors

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment solutions. Its mobile-first payments network provides multiple mobile payment methods, including mobile wallets, direct carrier billing, and real-time payments schemes, reaching over 7 billion mobile payment accounts in 91 countries - all through a single integration.

Customers that trust Boku to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Amazon, Apple, Facebook, Google, Microsoft, Netflix, PayPal, Sony, Spotify and Tencent.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in the US, India, Brazil, China, Estonia, France, Germany, Indonesia, Japan, Singapore, Spain, Taiwan and Vietnam.

To learn more about Boku Inc., please visit: https://www.boku.com