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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.
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.
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