The Philippine Stock Exchange will remove Robinsons Retail Holdings from the Dividend Yield Index, MidCap Index, and Services Index effective July 16. The removal follows a trading suspension that began on July 13 after the completion of a tender offer.
The deletion will temporarily reduce the number of constituents in the Dividend Yield Index and MidCap Index to 19. The required number of constituents will be restored during the August 2026 review of PSE indices.
The Dividend Yield Index tracks 20 companies selected for liquidity and their three‑year average dividend yield. The MidCap Index measures the performance of mid‑sized listed companies that meet liquidity and market capitalization criteria. Both indices rely on companies meeting specific eligibility standards.
The removal is pursuant to a trading suspension imposed on RRHI shares effective July 13, following the completion of the tender offer that reduced its public float below the Exchange’s minimum public ownership requirement. The suspension was triggered when the company’s public float fell below the threshold.
RRHI shares were suspended from trading at 9:13 a.m. on Monday after the block sale related to the tender offer was completed. Under the amended rule, companies that fail to meet the required public float are suspended for up to six months.
Companies that remain noncompliant after the suspension period are automatically delisted from the Exchange. RRHI has stated it does not intend to restore its public ownership level and will proceed with a voluntary delisting.
RRHI targeted July 28 as the effective date of its voluntary delisting, subject to approval from the Exchange. The company has confirmed its commitment to this timeline.
JE Holdings acquired 21.54% of RRHI’s outstanding capital stock through a block sale on the Exchange. The acquisition increased JE Holdings’ stake to 67.65% after the block sale.
Combined holdings of JE Holdings, the Gokongwei family, and other identified shareholders rose to 99.69% of the company’s issued and outstanding capital stock. This left a public float of only 0.31%.
