| C07792-2025 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common | 1,102,792,435 |
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Robinsons Retail Holdings, Inc.RRHI| Subject of the Disclosure |
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Robinsons Retail to Expand into Motorcycle Retailing through the Acquisition of 100% of Premiumbikes Corporation |
| Background/Description of the Disclosure |
On July 25, 2025, Robinsons Retail Holdings, Inc. (Robinsons Retail, PSE: RRHI), through its wholly owned subsidiary Robinson’s Supermarket Corporation (RSC) signed a Share Purchase Agreement to acquire 100% of Premiumbikes Corporation from Mr. Lance Gokongwei, following the approval of the transaction by the company’s Board of Directors earlier that day. |
| Date of Approval by Board of Directors |
Jul 25, 2025 |
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| Rationale for the transaction including the benefits which are expected to be accrued to the Issuer as a result of the transaction |
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The acquisition will enable Robinsons Retail to expand into the growing motorcycle market in the Philippines, which aligns with the company’s strategy to diversify its revenue stream and enter profitable retail categories. |
| Date | TBA |
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| Manner |
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Acquisition by Robinson's Supermarket Corporation (RSC), a wholly owned subsidiary of Robinsons Retail of 100% of the issued and outstanding common shares of Premiumbikes Corporation from Mr. Lance Gokongwei |
| Description of the company to be acquired or sold |
Premiumbikes Corporation is a motorcycle retailer in the Philippines, which operates 214 stores nationwide as of June 30, 2025. It generated net sales of Php4.17 billion for full-year 2024, 15.2% higher vs. 2023. |
| Number of shares to be acquired or disposed | 20,147,555 |
|---|---|
| Percentage to the total outstanding shares of the company subject of the transaction | 100 |
| Price per share | Php7.27 per share |
| Nature and amount of consideration given or received |
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Robinsons Retail, through 100% subsidiary RSC, will acquire 100% of Premiumbikes for approximately Php146.4 million, equivalent to 1.0x Premiumbikes’ 2024 audited book value. The consideration shall be paid in cash upon closing, subject to a post-closing purchase price adjustment (if any). |
| Principle followed in determining the amount of consideration |
The purchase price was determined based on a price to book multiple of 1.0x and supported by discounted cash flows (DCF) valuation. Robinsons Retail engaged a third-party financial consultant for a fairness opinion and valuation report on the Premiumbikes shares. |
| Terms of payment |
Payment shall be paid in full and in cash upon closing, subject to a post-closing purchase price adjustment (if any). |
| Conditions precedent to closing of the transaction, if any |
1. Fulfillment of conditions precedent and completion of procedural requirements and submission of required documents as part of 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 | |
|---|---|---|
| Lance Gokongwei | RRHI Director (re-elected on 25 July 2025) and RSC Director |
| Effect(s) on the business, financial condition and operations of the Issuer, if any |
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The acquisition should enable Robinsons Retail to diversify its revenue stream and enter a growing and profitable motorcycle retail category. |
| Other Relevant Information |
The disclosure has been amended to reflect the Company's receipt of the PCC's approval. |
| Name | Mylene Kasiban |
|---|---|
| Designation | Chief Financial Officer |