The President and Chief Operating Officer of Bloomberry Resorts, Thomas Arasi, has seen a significant change in his shareholdings under the company’s stock incentive plan.
According to a Philippines Stock Exchange filing, on October 18th, 2024, Arasi acquired an additional 9,272,613 shares of Bloomberry, increasing his direct ownership to a total of 16,578,248 shares.
Following this transaction, his indirect ownership now stands at 21,904,835 shares, reflecting his substantial stake in the company.
The shares were acquired at a price of PHP7.78 ($0.13) each under the terms of the stock incentive plan, or PHP72.1 million ($1.2 million) in total.
Bloomberry Resorts recently successfully completed the refinancing of a $1.24 billion loan, in order to help lighten its debt burden as Solaire Resort North ramps up.