Robinsons Retail boosts buyback plan to ₱25.8 billion amid market weakness
Robinsons Retail Holdings Inc. (RRHI) is earmarking an additional ₱2 billion for its five-year share buyback program, bringing the total value of shares targeted for acquisition to ₱25.77 billion.
In a disclosure to the Philippine Stock Exchange (PSE), the Gokongwei Group's retail arm stated it has already repurchased RRHI shares worth a total of ₱23.6 billion.
The amount includes ₱8 billion previously budgeted for the open-market buyback and ₱15.77 billion worth of shares acquired from a divesting shareholder.
RRHI initiated its share repurchase program in March 2020 with an initial allocation of ₱2 billion. It subsequently added ₱1 billion during extensions in February 2021, February 2022, April 2022, November 2023, and July 2024.
The company re-acquired 315.31 million common shares, equivalent to 22.2 percent of its outstanding shares, from GCH Investments Pte. Ltd., a subsidiary of DFI Retail Group, on May 30, 2025. This was executed through a special block sale approved by the PSE at a transaction price of ₱50.00 per share, totaling ₱15.77 billion.
Aside from the acquisition from GCH, RRHI has bought back 158.39 million common shares through the open-market buyback program for ₱7.83 billion since March 9, 2020.
RRHI cited the objectives of the program as being “to enhance shareholder value and to manifest confidence in the Company’s value and prospects through the repurchase of the common shares of the Company and through the return of a portion of the Company’s capital to its shareholders.”
The buyback program will be executed in the open market through the trading facilities of the PSE and will not involve any active and widespread solicitation from stockholders.