Bloomberry Resorts buys back more of its own shares

Philippine-based operator Bloomberry Resorts has acquired an additional 808,000 of its own shares, according to an announcement on the Philippine stock exchange.

According to the announcement, the share buyback was to allow Bloomberry Resorts to acquire enough shares to cover shares granted to certain employees under a stock incentive plan that will vest in the future.

The shares were acquired at an average price of PHP3.51 (US$0.07).