The purchases, totaling 1.6 million shares, were executed between P61.80 and P62.65 per share, a stock exchange filing on Monday showed.
Go, the chair emeritus of URC, raised total holdings in the food and beverage giant to about 5.67 million shares.
The buying comes while URC, known for Jack ‘n Jill chips and C2 iced tea, continues its own share buyback to support the stock.
URC’s latest buyback transactions were made on March 23. It bought back a total of 67 million shares and deployed P6.65 billion of its P8 billion buyback program.
Go strategically steps in to repurchase shares from time to time. This signals major owner support especially during volatile periods.
URC stock is trading down over 10 percent since the start of the year, even as the firm raised dividend payout by 5 percent from 2024.
The company reported full-year sales of P168 billion, up 4 percent from a year earlier, while profit slipped 4 percent to P11 billion.
—Edited by Miguel R. Camus
