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DigiPlus Unleashes P6-B Share Buyback Program

The Philippine Star

|

July 08, 2025

DigiPlus Interactive Corp. is unleashing a P6-billion share buyback program after its share price plummeted last week amid recent efforts by lawmakers to impose stricter regulations on online gambling.

- Richmond Mercurio

In a stock exchange filing, DigiPlus said its board approved a share repurchase program of up to P6 billion worth of common shares.

The company said the share repurchase program, which is valid over a 12-month period and can be renewed, underscores its strong balance sheet and commitment to maximizing long-term shareholder value.

"The share repurchase program demonstrates our firm confidence in DigiPlus' long-term growth and solid fundamentals," DigiPlus chairman Eusebio Tanco said.

With its healthy balance sheet and resilient operations, DigiPlus said the share buyback would be funded through internally generated cash flows.

The Philippine Star

यह कहानी The Philippine Star के July 08, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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