Dairy Farm International Hldgs Ltd DF Completes Partnership with Robinsons in Phl (3386I)
23 November 2018 - 8:10PM
UK Regulatory
TIDMDFI TIDMJAR TIDMJDS
RNS Number : 3386I
Dairy Farm International Hldgs Ltd
23 November 2018
DAIRY FARM COMPLETES PARTNERSHIP WITH ROBINSONS IN THE
PHILIPPINES
Further to its announcement on 23rd March 2018, Dairy Farm
International Holdings Limited is pleased to announce today the
completion of the combination of its wholly-owned food retail
business, Rustan Supercenters, Inc. ('RSCI'), with Robinsons Retail
Holdings, Inc. ('RRHI').
Dairy Farm has exchanged its interest in RSCI for new shares in
RRHI representing some 12.15% of its enlarged share capital and has
acquired a further 6.1% interest in the enlarged share capital from
the existing controlling shareholders. This, together with certain
on-market purchases made since this transaction was announced on
23rd March 2018, gives Dairy Farm a total current shareholding of
20% in RRHI. As at the date of this announcement, the Gokongwei
family, being the controlling shareholders, continue to hold a 51%
interest in RRHI.
Jonathan Lloyd, Jardine Matheson Limited
For and on behalf of Dairy Farm International Holdings
Limited
23rd November 2018
www.dairyfarmgroup.com
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END
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