Megaworld to buy back P2 billion worth of its shares

The Board of Directors of Megaworld Corporation (the "Company") has approved the buy-back of up to P2 billion worth of its common shares in the open market at prevailing market prices.

​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 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 Philippine Stock Exchange. Funds to be used for the buy-back program shall be sourced from internally generated funds of the Company.

Shares purchased under the buy-back program shall be booked as treasury shares of the Company.

As of 31 August 2025, the Company has an authorized capital stock of P45,700,000,000.00 consisting of 45,640,000,000 common shares with par value of Php 1.00 per share and 6,000,000,000 voting preferred shares with par value of P0.01 per share, out of which 32,558,251,872 common shares and 6,000,000,000 preferred shares are issued and outstanding, with 1,187,614,000 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.

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.