ROBINSONS Retail Holdings Inc. (RRHI) on Thursday said it was not aware of any undisclosed material information or event that could have caused or contributed to unusual movement in the company’s share price.
The company was replying to a query from the Philippine Stock Exchange’s Capital Markets Integrity Corp. (CMIC) over share price movements ahead of the retailer’s voluntary delisting later this month.
Angelo Antonio S. Torres, vice president for corporate planning, investor relations officer and head of sustainability at RRHI, said that “In compliance with Article XI-A, Section 5 of the CMIC rules, we confirm that the company is not aware of any undisclosed material information or other event that would reasonably be expected to have caused or contributed to the unusual movement in the trading price of RRHI’s shares.”
Torres said the company remained committed “to complying with our disclosure obligations under applicable laws, rules, and regulations and will promptly disclose any material information required to be disclosed.”
CMIC sought the clarification after late buying on July 8 lifted RRHI shares to close at P66.75 apiece, after having traded for most of the day at P48.30 per share, the tender offer price made by JE Holdings Inc. earlier to RRHI shareholders.
JE Holdings is the private holding and investment company of the Gokongwei family, which hold a controlling interest in RRHI.
The retailer said that JE Holdings had continued to purchase share despite completing a successful tender offer, but added that it bought at prices not exceeding P48.30.
On July 7, RRHI said it been notified by JE Holdings that the latter’s tender offer had resulted in 223.58 million common shares tendered by shareholders, representing 21.54 percent of the company’s issued and outstanding capital stock.
The tender offer was conducted from May 25 to July 6.
RRHI said the accepted shares had exceeded the minimum requirement of 179.56 million common shares needed for the delisting proponents to acquire at least a 95 percent interest in the company, and effectively reduced the company’s public float to 0.31 percent.
“Given the successful results of the tender offer and the Philippine Competition Commission’s confirmation that the transaction is not subject to compulsory notification, the tendered shares are expected to be crossed on the facilities of the Philippine Stock Exchange on July 13, 2026, with settlement on July 15, 2026,” RRHI had stated.
“The next step in the process is to obtain the approval of the PSE for the voluntary delisting of the company’s common shares,” it added.
The company is aiming to exit the bourse on July 28.
RRHI shares on Thursday plunged by P20.00, or 29.96 percent, to close at P46.75 each.