In a disclosure to the bourse, the Gokongwei family-controlled firm said that, last June 14, 2024, RRHI repurchased an additional 52,300 shares, bringing the total repurchased shares to 124,602,760 and reducing the outstanding shares to 1,451,886,600.
The recent transactions ranged from P35.65 to P36.10 per share.
Initiated in March 2020, the buyback program aims to enhance shareholder value and optimize capital structure.
Of the total amount authorized by RRHI’s board for its value enhancement program for which the firm has already spent P6.62 billion since the onset of the pandemic, only P378.8 million remaining for future buybacks, the company said.
