By Manila Bulletin
The Gokongwei family’s Robinsons Retail Holdings Inc. (RRHI) is on its way to being delisted from the Philippine Stock Exchange (PSE) as its public float has dropped to just 0.31 percent of its capital after the tender offer by JE Holdings Inc.
In a disclosure to the PSE on Tuesday, July 7, RRHI said it received notice from controlling shareholder JE Holdings of the successful results of its tender offer conducted from May 25, 2026, to July 6, 2026.
JE Holdings reported that the total number of RRHI shares tendered by shareholders and accepted by JE Holdings is 229.58 million common shares, or the tendered shares, equivalent to 21.54 percent of the company, exceeding the 179.56 million common shares required to attain the minimum threshold of 95 percent for voluntary delisting.
Given the successful result of the tender offer and antitrust body Philippine Competition Commission’s (PCC) confirmation that the transaction is not subject to compulsory notification, the tendered shares are expected to be crossed on the facilities of the PSE on July 13, 2026, with settlement on July 15, 2026.
Following completion of the cross, JE Holdings, together with the other proponents of the delisting, will collectively own 1.06 billion common shares, representing 99.69 percent of the company’s issued and outstanding capital stock.
The other proponents are Robina Y. Gokongwei-Pe, Lance Y. Gokongwei, James L. Go, Lisa Gokongwei-Cheng, Faith Gokongwei-Lim, Hope Gokongwei-Tang, Julia Isabelle Gokongwei Sy, Ella Akira Gokongwei Sy, Stanley C. Co, and Wilfred T. Co.
The next step in the process is to obtain the PSE’s approval for the voluntary delisting of RRHI’s common shares.
“We are grateful for the trust and support our shareholders have shown RRHI over the years, and for their engagement throughout this process,” said RRHI President and Chief Executive Officer (CEO) Stanley C. Co.
He added, “While we embark on a new chapter, our commitment to being the retailer of choice in the Philippines is unchanged. As we look ahead, we remain focused on strengthening our operations, pursuing long-term priorities, and driving sustainable growth.”
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