Boku, Inc. Announces Proposed New Share Plan and Extraordinary General Meeting

Boku, Inc., a leading provider of global mobile payment solutions, has announced its intention to seek approval for a new Stretch Restricted Share Unit Plan through an Extraordinary General Meeting (EGM) to be held on 11 September 2024. The proposed plan aims to support and reward the performance of the executive management team in a fair and transparent manner, aligning with the company's growth objectives. The New Plan, developed with the guidance of an external independent remuneration consultant and extensive shareholder consultation, will be an executive employee share scheme with restricted share units as awards.

Under the New Plan, the aggregate number of shares that will be allocated will not exceed 9,090,858 shares, representing 3% of the company's issued share capital as of 31 July 2024. If approved, awards will be granted to members of the executive team following the release of the company's interim results, expected in late September 2024. The awards are subject to a performance condition based on the comparison of the 40-day Volume-Weighted Average Price (VWAP) against a base share price, with varying vesting levels based on the performance.

The New Plan also outlines the vesting levels and the total value to plan participants based on different share prices and the company's performance. Additionally, it includes provisions for participants' employment duration and grant sizes based on their start date. The notice of the EGM and proxy form will be available on the company's website, and shareholders can register to listen to the proceedings or vote in advance of the EGM. Shareholders are encouraged to forward their questions to the Company Secretary in advance of the EGM, with answers to be posted on the company's website shortly after the meeting.

For further details, shareholders can access the notice of EGM and proxy form on the company's website. The company values engagement with its shareholders and encourages participation in the EGM. Enquiries can be directed to Boku, Inc. or its appointed advisors.