Boku Inc - London-based operator of ’mobile-first’ payments network - Launches on Monday a share buyback for up to 4.0 million shares, saying it believes its current share price undervalues the company. ‘The buyback programme represents a good investment opportunity and effective use of our growing own-cash balances as well as a reaffirming our belief in the company’s long term growth plan,’ Boku says. At its current share price, the buyback is worth around £7.4 million. The buyback will be run by Investec Bank PLC and will be completed by the end of April. The repurchased shares will be held in treasury to satisfy warrant conversions and staff equity grants.

Current stock price: 185.00 pence for £558.0 million market capitalisation

12-month change: up 29%

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