Investment foundations linked to Poland’s Juroszek family had urged the board to extend the programme.
The Philippines.- DigiPlus Interactive has renewed its share buyback programme for another 12 months after the previous authorisation expired on July 4. The Philippine gaming operator will continue repurchasing shares using the remaining PHP5.36bn (US$87m) from its original PHP6bn (US$97.4m) allocation.
The buyback programme was introduced in July 2025 after the company’s shares came under pressure amid regulatory concerns. Since the programme began, DigiPlus has spent PHP644.6m (US$10.5m) to repurchase 29.77 million shares.
The renewal comes three days after Betplay Capital Foundation, ZJ Foundation and MJ Foundation, investment foundations linked to Poland’s Juroszek family, urged the board to extend the programme. The three shareholders, which collectively own about 1.4 per cent of DigiPlus, suggested that buying back shares would create greater shareholder value than pursuing additional non-essential land-based investments.
They argued DigiPlus shares remain significantly undervalued given the company’s market position and financial strength. They pointed to the company’s cash reserves of more than PHP20bn (US$324.6m) and low debt levels as providing sufficient capacity for a larger repurchase programme.
Separately, the board has appointed Wilfredo M. Pielago as the company’s chief risk officer.
Investment foundations linked to Poland’s Juroszek family had urged the board to extend the programme. The Philippines.- DigiPlus Interactive has renewed its share buyback programme for another 12 months after the previous authorisation expired on July 4. The Philippine gaming operator will continue repurchasing shares using the remaining PHP5.36bn (US$87m) from its original PHP6bn (US$97.4m)…
