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Manila Bulletin devider Business devider The Stock Market devider Megaworld launches ₱2-billion buyback program to support stock

Megaworld launches ₱2-billion buyback program to support stock

Published Sep 25, 2025 09:56 am
To support its stock amid weak market conditions, tycoon Andrew Tan’s township developer Megaworld Corp. is launching a ₱2-billion buy-back of its common shares in the open market at prevailing market prices.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said this was approved by its board of directors because it believes that current market prices do not reflect the true value of the company’s shares and seeks to enhance shareholder value through a share buy-back program.
Megaworld’s shares opened flat at ₱2.04 per share on Thursday, Sept. 25, and has so far risen 0.49 percent to ₱2.05 per share as of this writing. This means the ₱2-billion budget should be able to buy about 975 million shares at the current market price.
The share buy-back program will have a term of 24 months reckoned from this date. Share purchases shall be made through the trading facilities of the PSE.
Funds to be used for the buy-back program shall be sourced from internally generated funds of Megaworld, and shares purchased under the buy-back program shall be booked as treasury shares of the company.
As of Aug. 31, 2025, Megaworld has an authorized capital stock of ₱45.7 billion, consisting of 45.64 billion common shares with par value of ₱1 per share and six billion voting preferred shares with par value of ₱0.01 per share.
Of its authorized capital, 32.56 billion common shares and six billion preferred shares are issued and outstanding, with 1.19 billion treasury shares.
“The actual number of shares to be repurchased and the company’s capital structure after the buy-back program cannot be determined yet as these will depend on the total buy-back price of the shares,” said Megaworld.
It added that, “The terms of the buy-back program shall be subject to review of management from time to time and shall be implemented in a manner that is beneficial to the company.”
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