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DigiPlus shares rebound 15% on P6-B buyback announcement
Business World Philippines
|July 08, 2025
DIGIPLUS Interactive Corp.'s board has approved a share buyback program worth up to P6 billion following a recent decline in the company's share price.
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The share buyback program will be valid for a 12-month period and may be renewed, subject to board approval, the Tanco-led digital entertainment provider said in a disclosure on Monday.
DigiPlus said the share buyback program “underscores the company’s strong balance sheet and commitment to maximizing long-term shareholder value.”
It will be funded through the company’s internally generated cash flows.
“The share repurchase program demonstrates our firm confidence in DigiPlus’ long-term growth and solid fundamentals,” DigiPlus Chairman Eusebio H. Tanco said.
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