This is just an ordinary part of the delisting process. HOUSE’s tender offer successfully sopped up the vast majority of the remaining public float, and now the company is in position to delist. If you are a HOUSE shareholder that did not participate in the tender offer, your shares are still good, and your shares will still be good once HOUSE officially delists in a few weeks’ time. Like when Metro Pacific Investments delisted, you’ll simply lose the ability to buy and sell your shares on the PSE’s stock trading system. You’ll still be entitled to dividends (if any) and to vote in any shareholder meetings; you’ll just have to privately transact if you plan to sell in the future. Speaking plainly, it’s a huge pain in the ass, and the prospect of that ass pain is one of the unspoken inducements to tender that companies bank on when they go through this process. It sucks for our tiny market to lose a company like this, but it’s an important check on the PSE’s value proposition for firms to be able to leave if they consider continued participation in the public market to be too high of an opportunity cost.