2nd Jan 2026 10:26
Boku Inc - San Francisco, California-based mobile payment service provider - Launches on Friday a buyback of up to 4.0 million shares, about 1.4% of the total and worth GBP9.0 million at the current market price. The buyback will be run by Investec Bank PLC and completed by April 30. At that point, Boku says it may or not launch a further buyback within the board's authority to buyback up to 5% of its total shares. Boku says the board believe its current stock price undervalues the company, so its own shares are a good investment for its surplus cash. Shares bought will be held in treasury for use for warrant conversions and staff incentives.
Current stock price: 223.77 pence, up 6.6% in London on Friday for GBP664.5 million market capitalisation
12-month change: up 22%
By Tom Waite, Alliance News editor
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