Bloomberry Resorts said one of its units has bought 300,000 shares to be used as “rewards” to loyal customers at its Solaire Resort & Casino in Manila.
In a filing with the Philippine Stock Exchange, Bloomberry said the unit paid between PHP10.74 ($0.20) and PHP10.98 for the stock, which it bought on the open market.
Bloomberry’s board authorized BHRI to buy as many as 1.5 million shares at a meeting on June 6th. The shares will also be used in the company’s marketing program.
As of Monday, the unit owns a total of 514,300 shares.
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