Friday, September 30, 2022

Bloomberry unit buys 300,000 “reward” shares


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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