Shares of the company, controlled by the Roxas and Elizalde families, pared gains by the close to finish at P3.30 each, up 17.44 percent from the past session.
The payout stems from a March 25, 2025 decision by the Department of Agrarian Reform Adjudication Board, ending a land dispute that began under the late Cory Aquino’s administration—the same post-EDSA government that toppled the Marcos regime.
Now, more than 30 years later, it’s the son of that ousted leader, President Ferdinand Marcos Jr., who is left to settle the bill.
The land was expropriated under the Comprehensive Agrarian Reform Law in the late 1980s.
“The said payment will also catalyze monetizing the estate and deleveraging, and invest in growth of business opportunities,” RCI said in the filing.
“More importantly, part of the just compensation will also be used for funding of projects that aims to give back to the local communities in Nasugbu, Batangas,” it added.
Despite the sharp increase, RCI shares are still trading about 28 percent below their one-year high of P4.58 each.
Shares of the company surged about 950 percent in 2024 amid attempts by businessman Leandro Leviste to acquire a sizable stake in the company.
Leviste, the son of Sen. Loren Legarda, is RCI’s largest shareholder outside the two controlling families, with a 9.6 percent stake as of March 31 this year.
