REG - DFI Retail Group - Divests Shares in Robinsons Retail

DFI Retail groupAnnouncement

30/05/2025 10:45

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RNS Number : 8053K  DFI Retail Group Holdings Ltd  30 May 2025

Announcement

 

The following announcement was issued today to a Regulatory Information
Service approved by the Financial Conduct Authority in the United Kingdom.

 

DFI Retail Group Divests Shares in Robinsons Retail

 

30 May 2025 - DFI Retail Group Holdings Limited ('DFI' or the 'Group') today
announces the sale of 315,309,310 common shares in Robinsons Retail Holdings,
Inc. ('RRHI'), representing approximately 22.2% of RRHI's outstanding shares.
This transaction reflects DFI's strategic pivot from a portfolio investor to a
focused operating company, enabling the Group to divest minority positions and
redeploy capital to support the growth and higher returns of subsidiary
businesses.

 

DFI first became a significant minority shareholder in RRHI in 2018 through
the share-for-share swap transaction involving Rustan Supercenters, Inc.

 

Following this divestment, the Group will review the use of the divestment
proceeds to support its capital allocation strategy and long-term growth
priorities which include - but not be limited to - expanding digital retail
media, advancing own brand innovation, and enhancing omnichannel capabilities
across its key markets.

 

DFI remains confident in RRHI's long-term prospects and the continued success
of their exclusive distribution of Meadows and Guardian brands.

 

Scott Price, Group Chief Executive of DFI Retail Group, said, "We would like
to sincerely thank the Robinsons Retail team for their hard work, partnership,
and commitment over the years. Our collaboration has been instrumental in
growing our presence in the Philippines, and we look forward to continuing
this strong relationship as we each focus on our strategic priorities."

 

"This transaction represents a significant step in our evolution as an
operating company, enabling us to redeploy capital to support growth and
enhance shareholder returns across our subsidiary businesses. We will evaluate
the deployment of divestment proceeds to ensure alignment with our capital
allocation strategy and long-term growth ambitions."

 

The transaction was executed via a special block sale on the Philippine Stock
Exchange, with pricing agreed upon based on prevailing market conditions and
strategic considerations.

 

 

-Ends-

 

 

About DFI Retail Group

DFI Retail Group is a leading Asian retailer, driven by its purpose to
'Sustainably Serve Asia for Generations with Everyday Moments'.

 

As at 31 December 2024, the Group, its associates and joint ventures operated
over 10,700 outlets, of which more than 5,000 stores were operated by
subsidiaries. The Group, together with associates and joint ventures, employed
over 190,000 people, with over 45,000 people employed by subsidiaries. The
Group had total annual revenue in 2024 of US$24.9 billion and reported revenue
of US$8.9 billion.

 

The Group is dedicated to delivering quality, value and service to Asian
consumers through a compelling retail experience, supported by an extensive
store network and highly efficient supply chains.

 

The Group, including associates and joint ventures, operates a portfolio of
well-known brands across six key divisions: health and beauty, convenience,
food, home furnishings, restaurants and other retailing.

 

The Group's parent company, DFI Retail Group Holdings Limited, is incorporated
in Bermuda and has a primary listing in the equity shares (transition)
category of the London Stock Exchange, with secondary listings in Bermuda and
Singapore. The Group's businesses are managed from Hong Kong. DFI Retail Group
is a member of the Jardine Matheson group.

 

 

For more information, please contact:

Karen Chan (Investor Relations)
 

+852 2299 1380

karen.chan@dfiretailgroup.com (mailto:Karen.chan@dfiretailgroup.com)

Christine Chung (Corporate Communications and Affairs)

+852 2299 1056

christine.chung@dfiretailgroup.com (mailto:Christine.chung@dfiretailgroup.com)

 

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