Robina Gokongwei allocates one other P1B for buyback of Robinsons Retail shares a day earlier than PSE index exit | Bilyonaryo Enterprise Information

Robinsons Retail Holdings Inc. (RRHI) led by extraordinarily bilyonaryo Robina Gokongwei-Pehas elevated its shares buyback program a day sooner than the stock’s exit from the Philippine Inventory Change main index.

The RRHI board licensed on February 11 the extension of its buyback program with an additional P1 billion funding.

RRHI will in all probability be kicked out of the PSEI on the next shopping for and promoting day, February 14.

RRHI has dropped by 1.4 p.c to P57.20 given that PSE launched the stock’s farewell from the index on February 14.

RRHI started its buyback program with an preliminary P2 billion fund in March 2020. It elevated its buyback value vary by one different P2 billion in February 2021.

As of February 2022, RRHI has spent P3.898 billion of its buyback value vary with an entire of 69.414 million shares acquired at a median worth of P56.16.