DigiPlus launches share buyback programme
The company highlighted its “strong balance sheet and commitment to maximising long-term shareholder value.”
The Philippines.- DigiPlus Interactive Corp has announced a share repurchase programme of up to PHP6bn (US$106.1m) of common shares. According to a filing to the Philippine Stock Exchange, the programme will be funded through internally generated cash flows.
The programme will be valid over a 12-month period and can be renewed, subject to approval of the board of directors. The company highlighted its “strong balance sheet and commitment to maximising long-term shareholder value.”
“The share repurchase program demonstrates our firm confidence in DigiPlus’ long-term growth and solid fundamentals,” said Eusebio Tanco, DigiPlus chairman. “By strategically deploying our capital through this buyback, we are sending a clear signal that DigiPlus is committed to delivering sustainable returns for shareholders while remaining well-positioned to pursue expansion and innovation.”
DigiPlus said it remains well-capitalised, balancing disciplined capital management with its investments in growth, technology and new markets.
