Head Digital Works concludes $3-million ESOP buyback

Online gaming platform Head Digital Works on Thursday said the company has completed its first-ever employee stock option plan (ESOP) buyback programme of $3 million.

This comes at a time when the online gaming sector is facing financial burden with regard to the 28% goods and services tax (GST).

Among eligible ESOP holders, 97% opted to sell a portion of their stocks, the company said. Nearly half of the firm’s over 500 employees benefited from the buyback, it added.