OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Feb 22, 20222. SEC Identification Number A2002017563. BIR Tax Identification No. 2163032120004. Exact name of issuer as specified in its charter ROBINSONS RETAIL HOLDINGS INC5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 43rd Floor, Robinsons Equitable Tower, ADB Avenue corner Poveda Street, Ortigas Center, Pasig City, Metro ManilaPostal Code16008. Issuer's telephone number, including area code (632) 8635-07519. Former name or former address, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding |
Common | 1,498,429,660 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Robinsons Retail Holdings, Inc.RRHI PSE Disclosure Form 4-2 - Acquisition/Disposition of Shares of Another CorporationReferences: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure |
RRHI to own 100% stake in CVS business |
Background/Description of the Disclosure |
Robinsons Retail Holdings, Inc. (RRHI) through its wholly owned subsidiary, Robinsons Supermarket Corporation, acquired the remaining 40% stake of Ministop Japan's in Robinsons Convenience Store, Inc. increasing its share from 60% to 100%. |
Date of Approval by Board of Directors | Feb 22, 2022 |
Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
To have full autonomy in the strategic direction of the CVS format |
Date | Feb 22, 2022 |
Manner |
Acquisition of the 40% stake of Ministop Japan's in Robinsons Convenience Store, Inc. |
Description of the company to be acquired or sold |
Robinsons Convenience Stores Inc. (RCSI) is the exclusive franchisee of Ministop in the Philippines. Under the new agreement with Ministop Japan, RRHI will continue to operate the stores using the Ministop brand within the transition period agreed upon with Ministop Japan, until they are repurposed and appropriately rebranded in consideration of strong ready-to-eat offerings such as Uncle John's Fried Chicken and Kariman. |
Number of shares to be acquired or disposed | 800,000,000 |
Percentage to the total outstanding shares of the company subject of the transaction | 40 |
Price per share | Php0.25 |
Nature and amount of consideration given or received |
The total consideration of Php200,000,000 is paid in cash. |
Principle followed in determining the amount of consideration |
Purchase price was determined based on a discount to the price to book multiple |
Terms of payment |
Payment is paid in full and in cash |
Conditions precedent to closing of the transaction, if any |
Completion of procedural requirements and submission of required documents as part of the customary closing conditions and deliverables |
Any other salient terms |
None |
Name | Nature of any material relationship with the Issuer, their directors/ officers, or any of their affiliates |
Ministop Co Ltd | Shareholder of RCSI |
Effect(s) on the business, financial condition and operations of the Issuer, if any |
To have full autonomy in the strategic direction of the CVS format |
Other Relevant Information |
None |
Name | Mylene Kasiban |
Designation | Chief Financial Officer |
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Robinsons Retail Holdings Inc. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 01:18:01 UTC.