The board of Bloomberry Resorts (BLOOM) chaired by Razon had initially raised the firm’s buy-back program from 150 million shares in May 2020 to 250 million shares initially on 27 April 2021 this year.
Bloomberry swings to loss on pandemic woes but confident of recovery
BLOOM further raised the buy-back program to 350 million shares on August 2 after exceeding its budget in four months.
Betting on Solaire: Bloomberry top brass buy P38M shares
As of August 18, BLOOM has bought 258 million shares worth P2.282 billion in the market.
Bloomberry Resorts suffers P780.8M loss as Covid restrictions stifle recovery
BLOOM will use the shares for its Stock Incentive Plan (SIP) for officers and employees.
Top Bloomberry-Solaire execs scoop up P49M shares in hotel casino
BLOOM fell to a 52-week low of P5.29 last August 16.