CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Jan 1, 2025
2. SEC Identification Number
13174
3. BIR Tax Identification No.
000-108-278-000
4. Exact name of issuer as specified in its charter
DigiPlus Interactive Corp.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Ecoprime Building, 32nd Street corner Ninth Avenue, Bonifacio Global City, Taguig CityPostal Code1635
8. Issuer's telephone number, including area code
(632) 8634-5099
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock; Php1.00 par value
4,407,659,178
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DigiPlus Interactive Corp.PLUS
PSE Disclosure Form 16-1- Update on Corporate Actions/ Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and Section 16 of the Revised Disclosure Rules
Subject of the Disclosure
Brazil government grants DigiPlus Brazil Interactive Ltda. Definitive Authority to operate sportsbetting and other online games in Brazil.
Background/Description of the Disclosure
As previously disclosed on 17 August 2024 (Brazil time) / 18 August 2024 (Manila time), DigiPlus Interactive Corp. (the “Corporation”), through its wholly-owned subsidiary, DigiPlus Brazil Interactive Ltda., filed an application for Licença Para Loterias De Apostas De Quota Fixa, which is a federal license that allows the operations of land-based and online sports betting, electronic games, live game studios, and other fixed-odds betting activities in Brazil.
On 21 November 2024, DigiPlus Brazil Interactive Ltda., has passed the qualification stage for a federal license with Brazil’s Ministry of Finance’s Secretariat of Awards and Bets (SPA). DigiPlus has 30 days to fulfill post-qualification regulatory requirements, including license fee payments.
After completion of the post-qualification requirements, SPA shall release the final list of operators authorized to operate from January 1, 2025 onwards. It would enable the Corporation to operate online sports betting and other iGaming offerings in Brazil.
On the same day, 21 November 2024, DigiPlus’ Board of Directors approved the initial funding of Php660 Million to pay for the license fees, minimum capitalization, financial reserves, and other operational expenses as part of the post-qualification process of the SPA. This initial funding is intended for a three-month horizon.
Other Relevant Information
This amended update is to advise that the Brazil government granted DigiPlus Brazil Interactive Ltda. (“DigiPlus”) the Definitive Authority to operate sportsbetting and other online games in Brazil.
Only 10% of the total applicants received Definitive Authority from the Secretariat of Awards and Bets, which includes DigiPlus.