TIDMTOT
RNS Number : 0392H
Total Produce Plc
30 July 2021
Dole plc Announces Pricing of Initial Public Offering
Dole plc, a newly created company formed for the combination of
Total Produce plc and Dole Food Company, Inc., announced on July
29, 2021 the pricing of its initial public offering of 25,000,000
ordinary shares at a price of $16.00 per share. The ordinary shares
are being offered by Dole plc for total gross proceeds of $400
million, before deducting underwriting discounts and commissions
and offering expenses. In addition, the underwriters have been
granted a 30-day option to purchase up to an additional 3,750,000
ordinary shares at the initial public offering price, less
underwriting discounts and commissions. The shares are expected to
begin trading on the New York Stock Exchange on July 30, 2021 under
the ticker symbol "DOLE" and the offering is expected to close on
August 3, 2021, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Deutsche Bank Securities and Davy
are acting as lead book-running managers for the offering. BofA
Securities, BMO Capital Markets and Rabo Securities are acting as
book-running managers for the offering. Stephens Inc. is acting as
co-manager for the offering.
A registration statement relating to the shares being sold in
this offering was filed with the Securities and Exchange Commission
and became effective on July 29, 2021. The offering is being made
only by means of a prospectus filed with the SEC, copies of which,
when available, 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.
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 offering, 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 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 offering 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, Brunswick Group
bsonnenshein@brunswickgroup.com +1 212 333 3810
Elizabeth Volpe, Brunswick Group
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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July 30, 2021 02:00 ET (06:00 GMT)
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