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Bloomberry CEO Thomas Arasi increases personal stake in the group

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.

Nelson Moura
Nelson Mourahttp://agbrief.com
Editor and reporter with 10 years of experience in Greater China, namely Taiwan and Macau, in printed and online media, with a focus on finance, gaming, politics, crime, business and social issues.

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