23 Nov 2018 09:10
DAIRY FARM COMPLETES PARTNERSHIP WITH ROBINSONS IN THE PHILIPPINES
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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').
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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.
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Jonathan Lloyd, Jardine Matheson LimitedFor and on behalf of Dairy Farm International Holdings Limited23rd November 2018
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