PSE to drop Robinsons Retail from three indices on July 16

The Philippine Stock Exchange (PSE) will remove Robinsons Retail Holdings, Inc. (RRHI) from the PSE Dividend Yield Index, PSE MidCap Index, and Services Index effective July 16, according to a report by BusinessWorld.

The removal comes after the retailer's trading was suspended following the completion of its tender offer, which was conducted as part of a voluntary delisting process. The tender offer allowed shareholders to sell their shares back to the company at a fixed price.

RRHI's removal temporarily reduces the number of constituents in the affected indices. The PSE will announce replacement constituents in due course.