Business
Total Acquisition Consideration for Danal is $25m
Total Acquisition Consideration for Danal is $25m.
About this update from Boku, Inc.
[{"type":"text","content":"\n \nRNS Number : 7607Y Boku Inc 06 January 2020 \n\n6 January 2020\n \nBoku, Inc.\n(\"Boku\" or the \"Company\" and, together with its subsidiaries, the \"Group\")\n \nTotal Acquisition Consideration for Danal Inc. is $25m\n \nBoku Inc (AIM: BOKU), the world's leading independent carrier commerce company, announces that, further to the announcements on 2 January 2019 and 31 January 2019 in relation to the completion of the acquisition of Danal, Inc. (\"Danal\"), 2,724,499 common shares of $0.0001 each in the Company (\"Common Shares\") have been issued to Danal shareholders following the release of the Common Shares that were subject to holdback for 12 months (the \"Holdback Shares\") as Boku has not filed any claims for indemnification.\n \nFollowing the issue of the Holdback Shares the total consideration paid by the Company to acquire Danal comprised the issue of 26,700,000 Common Shares, the issue of warrants over 1,634,699 Common Shares exercisable for five years at an exercise price of £1.41 each and US$1.0 million in cash. No additional earn-out consideration is payable by the Company.\n \nThe total purchase price accounted for by the Company for the acquisition of Danal has now therefore been finalised at US$25,077,547.13, being approximately 8.6% of the Company's market capitalisation as at close of business on 31 December 2019.\n \nAdmission and Total Voting Rights\n \nApplication has been made to the London Stock Exchange for admission to trading on AIM of the Holdback Shares and these Common Shares, which will rank pari passu with the Company's existing issued Common Shares, are expected to be admitted to trading on or around 7 January 2020 (\"Admission\"). Following Admission, the total number of Common Shares of $0.0001 each of the Company in issue is 255,059,706. There are no shares held in Treasury. Therefore, the total number of voting rights in Boku is 255,059,706. The above figure of 255,059,705 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. \n \nJon Prideaux, CEO of Boku, commented, \"The acquisition of Danal brought Boku a strong US-focused m...