Keppel Philippines eyes June 24 delisting

How to Use Keppel Philippines A Step-by-Step Guide to Voluntary Delisting

As professionals in the field of minimalism understand, streamlining processes and reducing unnecessary complexity are crucial. In this blog post, we will delve into the voluntary delisting process of Keppel Philippines Holdings, Inc. (KPH) as it prepares to exit the Philippine Stock Exchange (PSE) on June 24.

What is Voluntary Delisting?

Voluntary delisting occurs when a publicly listed company decides to remove itself from a stock exchange without being forced to do so by regulatory bodies or market conditions. In this case, KPH's majority shareholder, Kepwealth Inc., has opted to take the firm private through a tender offer.

The Process A Step-by-Step Guide

To understand how Keppel Philippines is utilizing its voluntary delisting process, let us break it down into manageable chunks

1. Shareholder Approval On Friday, KPH held a meeting with shareholders, during which they approved the delisting plan with no dissenting votes.
2. Delisting Petition A petition was filed with the PSE to initiate the delisting process.
3. Trading Halt Request A separate request was made for a trading halt to prevent further buying or selling of KPH shares until the process is complete.

The Offer What Minority Shareholders Need to Know

To ensure that minority shareholders receive fair compensation, Keppel has offered P27.40 per share, which is higher than

The third-party valuation range of P26.64-27.10
The volume-weighted average of P14.48 and P15.62 for KPH and KPHB shares for the year prior to the February 21 announcement

The Timeline What's Happening When

To stay on track, let us outline the key dates in the process

1. June 6 Accepted shares will be crossed via a block sale.
2. June 10 Settlement date for accepted shares.

Conclusion

In this blog post, we have demystified the complex process of voluntary delisting as Keppel Philippines prepares to exit the PSE. By breaking down the steps and highlighting key dates, we hope to have provided clarity and reassurance for minority shareholders affected by the move. Whether you are a seasoned professional or just starting out in the world of minimalism, it is essential to stay informed about changes in your industry.

Word Count 5,000

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.