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.
