DigiPlus Interactive has confirmed that Chairman Eusebio Tanco has increased his shareholding through the purchase of 63,119,000 additional shares.
The acquisition represents 1.4% of the company’s total issued and outstanding shares and totals approximately PHP1.04bn (US$17.9m), based on a per-share price of PHP16.40.
The company said the transaction reflects Mr Tanco’s confidence in DigiPlus’ direction as it continues to scale its platform portfolio and refine its operating structure. The share purchase also increases management alignment with shareholders at a time when the group is expanding its digital entertainment offerings and investing in core technology capabilities.
While DigiPlus did not provide forecasts with the announcement, it noted that its platforms remain under active development. The Group has continued to build proprietary technology infrastructure and strengthen user experience systems that support its key brands, including BingoPlus and ArenaPlus.
The company said the share purchase forms part of the chairman’s long-term view of the business and follows a period of ongoing investment in research, development and operational capabilities. Further details regarding corporate strategy were not disclosed.
“DigiPlus is entering an exciting phase of growth. We have built market-leading platforms anchored on responsible innovation, disciplined execution, and long-term growth. I firmly believe in our ability to capture the significant opportunities ahead and deliver enduring value to our shareholders. The fundamentals of the digital entertainment industry remain strong, and DigiPlus is well-positioned to lead,” Mr. Tanco said.
The company operates multiple entertainment platforms across digital and physical environments, contributing tax revenue and supporting social and educational programmes
