Tanco picks up P1-B additional DigiPlus stocks from open market
DigiPlus Interactive Corp. chair Eusebio Tanco has increased his stake in the online gaming firm, signaling strong confidence in its long-term growth prospects amid the expansion of its platforms.
In a statement on Monday, DigiPlus said Tanco had purchased an additional 63.12 million shares, equivalent to about 1.4 percent of the company’s total issued and outstanding shares.
The shares were acquired at P16.40 per share through a stockbroker, translating to a total transaction value of about P1.04 billion.
The purchase price was higher than the previous close of P16.10 per share last Friday. As of this writing, DigiPlus shares have risen by about 3.73 percent following the insider buy.
After the transaction, Tanco’s holdings stood at 10.43 million shares under his direct ownership, while 712.62 million shares were held indirectly through related entities.
The transaction reflects Tanco’s belief in DigiPlus’ strategy as it scales up its localized digital entertainment offerings for the Philippine market.
The share purchase comes as DigiPlus continues to expand its footprint, backed by investments in proprietary research and development, new technologies and enhanced user experience capabilities.
The company said these efforts aim to further strengthen its competitiveness while ensuring sustainable growth.
DigiPlus also vowed to a reinforce responsible gaming and player protection framework as part of its long-term strategy to create enduring shareholder value.
Tanco said: “DigiPlus is entering an exciting phase of growth. We have built market-leading platforms anchored on responsible innovation, disciplined execution and long-term growth.”
He added that the company is well-positioned to capture opportunities in the digital entertainment industry and deliver lasting value to shareholders.
DigiPlus is a pioneer in digital entertainment in the Philippines, with platforms, such as BingoPlus, ArenaPlus and GameZone, which offer interactive gaming and sports entertainment services to a growing user base.
With its continued investments, DigiPlus aims to strengthen its leadership in the Philippine digital entertainment sector while unlocking new opportunities for expansion.
