Keppel Philippines Officially Delisting from PSE on July 8

On April 25, 2025, Keppel Philippines Holdings, Inc. (the “Company” or “KPHI”) submitted a Petition for Voluntary Delisting to The Philippine Stock Exchange, Inc. (“PSE”) for the delisting of the Company’s common shares, with a par value of P1.00 per share (the “Common Shares”), that are listed on the Main Board of the PSE (the “Petition”). The Common Shares have the trading symbol “KPH” and “KPHB”.

Kepwealth, Inc. (“Kepwealth”), who is the person who proposed the delisting of KPHI, conducted a tender offer for all the outstanding common shares of the Company owned by the other shareholders (other than those owned by the members of the Company’s Board of Directors with respect to their qualifying common shares) from 9:30 A.M. on April 28, 2025 to 3:00 P.M. on June 11, 2025 (the “Tender Offer”). Such Tender Offer was conducted to comply with the PSE Voluntary Delisting Rules in view of the Kepwealth’s intention to undertake the Voluntary Delisting of KPHI. Following the Tender Offer, Kepwealth now beneficially owns 56,852,851 Common Shares (including the Common Shares registered in the names of its nominee directors which the Bidder beneficially owns), which represents approximately 99.34% of KPHI.

On June 19, 2025, KPHI submitted an Amended Petition to update the target voluntary delisting date to on or before July 8, 2025, and to reflect the results of the Tender Offer.

On June 25, 2025, the Board of Directors of the PSE approved the Petition and the removal of KPHI’s shares from PSE’s registry effective July 8, 2025 conditioned on the payment by KPHI of the voluntary delisting fee.

On June 30, 2025, KPHI paid the voluntary delisting fee.

Stock Symbol(s) of Affected Securities: KPH and KPHB
Date of Approval by Board of Directors: Feb 20, 2025
Reason/Purpose of the Voluntary Delisting:

The following are the key reasons behind the delisting:

(i) Kepwealth believes that the Voluntary Delisting will expedite the decision-making process of the Company and will allow it to be more flexible in the implementation of corporate activities; and
(ii) Considering the weak share price performance and the low trading volume of the Company’s Common Shares in the market, the Tender Offer, which is required to be able to do the Voluntary Delisting, could give the Company’s public stockholders a reasonable exit opportunity.

Proposed Date of Delisting: Jul 8, 2025