Megaworld Corp. said Thursday its board approved a share buy-back program of P2 billion worth of common shares to boost shareholder value.
“The board 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,” the company said in a disclosure to the stock exchange.
The shares will be repurchased through the open market at prevailing market prices and the program will run for 24 months, Megaworld said.
Funding will come from the company’s internally generated funds, and shares bought back will be recorded as treasury shares.
Megaworld said that as of Aug. 31, 2025, it had an authorized capital stock of P45.7 billion, composed of 45.64 billion common shares and 6 billion voting preferred shares. Of these, 32.56 billion common shares and 6 billion preferred shares are issued and outstanding. The company holds 1.19 billion shares in treasury.
The exact number of shares to be repurchased and the company’s capital structure after the buy-back are not yet determined, as these will depend on the total purchase price.
“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,” the property firm said.
Megaworld shares closed at P2.04 apiece Wednesday.
