REG - Boku Inc - Retirement of CFO

BokuAnnouncement

01/05/2024 07:15

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RNS Number : 6982M  Boku Inc  01 May 2024

Boku, Inc.

 

("Boku" or the "Company")

 

Retirement of CFO

 

Boku (AIM: Boku), a leading provider of global mobile payment solutions,
announces that its Chief Financial Officer ("CFO"), Keith Butcher has notified
the board of his intention to retire from the Company following the completion
of an extended notice period, allowing for a smooth transition to his
successor.

 

Keith will step down from the board of the Company, and therefore will not put
himself up for re-election as a director, at the forthcoming AGM on 22 May
2024. He will remain an employee until October 2024, and thereafter as a
consultant to the business until April 2025.

 

A process to appoint a successor to Keith as CFO is underway and a further
announcement will be made in due course.

 

Stuart Neal, CEO of Boku, commented: "Keith indicated some time ago that he
was considering stepping down as a full-time director of the Company. He
deferred any decision to allow the Company to effect a smooth transition of
the CEO role following the retirement of Jon Prideaux at the end of 2023. I
want to personally thank Keith for his contribution to Boku over the past six
years, a time of considerable success for the Company."

 

Richard Hargreaves, Boku's Chair, said: "On behalf of the board I would like
to thank Keith for helping to steer Boku to its current strong financial
position. We wish him well for the future and the board are working to find a
suitable replacement. The Company is in a strong position to capitalise on its
significant momentum in leading the world in aggregating Local Payment Methods
for many of the world's largest companies."

 

For further enquiries:

 

 Boku, Inc.                                                +44 (0)20 3934 6630

 Stuart Neal, Chief Executive Officer
 Investec Bank plc (Nominated Advisor & Joint Broker)      +44 (0)20 7597 5970

 Edward Knight / Nick Prowting / Cameron MacRitchie
 Peel Hunt LLP (Joint Broker)                              +44 (0)20 7418 8900

 Paul Gillam / Adam Telling
 IFC Advisory Limited (Financial PR & IR)                  +44 (0)20 3934 6630

 Tim Metcalfe / Graham Herring / Florence Chandler

Note to Editors:

 

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment
solutions. Boku's mobile-first payments network, including mobile wallets,
direct carrier billing, and account to account/real-time payments schemes,
reaching over 7.5 billion mobile payment accounts 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, Meta Platforms, Google,
Microsoft, Netflix, 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
(https://www.boku.com)

 

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