TIDMTOT
RNS Number : 6778F
Total Produce Plc
19 July 2021
19 July 2021
Dole plc Announces Launch of Initial Public Offering
Dole plc, a newly created company formed for the combination of
Total Produce plc and Dole Food Company, Inc., announced today that
it has launched the roadshow for its initial public offering of
26,000,000 ordinary shares pursuant to a registration statement on
Form F-1 filed with the U.S. Securities and Exchange Commission
("SEC"). The offering consists of 23,539,067 ordinary shares
offered by Dole plc and 2,460,933 ordinary shares to be sold by
affiliates of Castle & Cooke, Inc. (the "C&C
shareholders"). Dole plc will not receive any proceeds from the
sale of the shares by the C&C shareholders. The underwriters
will have a 30-day option to purchase an additional 3,900,000
ordinary shares from Dole plc and the C&C shareholders at the
initial public offering price, less underwriting discounts, and
commissions. The initial public offering price is expected to be
between $20.00 and $23.00 per share. Dole plc intends to list its
ordinary shares on the New York Stock Exchange under the ticker
symbol "DOLE".
Goldman Sachs & Co. LLC, Deutsche Bank Securities and Davy
will act as lead book-running managers for the proposed offering.
BofA Securities, BMO Capital Markets and Rabo Securities will act
as book-running managers for the proposed offering. Stephens Inc.
will act as co-manager for the proposed offering.
The proposed offering will be made only by means of a prospectus
filed with the SEC. When available, copies of the preliminary
prospectus relating to the proposed initial public offering may be
obtained by contacting Goldman Sachs & Co. LLC, Attn:
Prospectus Department, 200 West Street, New York, NY 10282, by
telephone at (866) 471-2526 or by email at
prospectus-ny@ny.email.gs.com , Deutsche Bank Securities Inc.,
Attention: Prospectus Department, 60 Wall Street, New York NY,
10005, by telephone at 1-800-503-4611 or by email at
prospectus.cpdg@db.com and J&E Davy , Attention: Davy Corporate
Finance, Davy House, 49 Dawson Street, Dublin 2, Ireland: by
telephone at +353 1 679 6363 or by email at dcf@davy.ie
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Dole plc
The combination of Total Produce plc and Dole Food Company, Inc.
with newly formed Dole plc will bring together two complementary,
synergistic and culturally aligned organizations each with more
than 150 years of history in the fresh produce industry.
Dole plc will be one of the world's largest producers of fresh
bananas and pineapples, and one of the leaders in value added
salads and fresh packed vegetables in the United States. It will
also have a growing presence in categories such as berries,
avocados, and organic produce.
Dole plc will offer over 300 products grown and sourced both
locally and globally from over 30 countries in various regions, and
distributed and marketed in over 80 countries, across retail,
wholesale, and foodservice channels.
Dole plc's goal is to build a healthier, more sustainable
tomorrow by increasing per capita consumption of fruits and
vegetables today with a clear vision to "Make the World a Healthier
Place."
Forward-Looking Statements
This press release contains forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements. These statements include, but are not
limited to, statements regarding the proposed offering, the
effectiveness of the registration statement, listing on the New
York Stock Exchange and the combination (the "Transaction") between
Total Produce plc and Dole Food Company, Inc. Completion of the
Transaction remains subject to market conditions and other
customary conditions Forward-looking statements are based on
management's expectations, assumptions, and projections based on
information available at the time the statements were made. These
forward-looking statements are subject to a number of risks,
uncertainties, and assumptions, including risks and uncertainties
related to completion of the Transaction and the proposed public
offering, prevailing market conditions, investor demand for shares
and the impact of general economic, industry or regulatory
conditions, many of which are beyond Dole plc's control. Any
forward-looking statement in this release speaks only as of the
date of this release. Dole plc undertakes no obligation to publicly
update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by any applicable securities laws.
For further information, please contact:
Brian Bell, Wilson Hartnell PR
brian.bell@ogilvy.com + 353-1-669 0030
Blake Sonnenshein / Elizabeth Volpe, Brunswick Group
bsonnenshein@brunswickgroup.com / evolpe@brunswickgroup.com
+1 212 333 3810
Ivan Murphy, Davy Corporate Finance
ivan.murphy@davy.ie +353-1-679 6363
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END
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(END) Dow Jones Newswires
July 19, 2021 06:19 ET (10:19 GMT)
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