Total Produce Plc Transaction and Trading Update Announcement (0267E)
02 Luglio 2021 - 12:10PM
UK Regulatory
TIDMTOT
RNS Number : 0267E
Total Produce Plc
02 July 2021
02 July 2021
Total Produce plc
Transaction and Trading Update Announcement
On 17 February 2021, Total Produce plc (the "Group" or "Total
Produce"), the leading international fresh produce group, announced
that it had entered into an agreement to combine with Dole Food
Company, Inc. under Dole plc, which will be a newly created company
to become publicly listed in the U.S. (the "Transaction").
Per the agreement, Dole plc's completion of an initial public
offering and public listing is a condition for completion of the
Transaction, and Dole plc has made a filing with the U.S.
Securities and Exchange Commission with respect to this
process.
At completion of the Transaction, shares of Total Produce will
cease to be listed on the Euronext Growth Dublin and the London
Stock Exchange.
For more information, please visit
https://investors.totalproduce.com/dole-transaction-2021 and
www.totaldole.com
Total Produce is also pleased to confirm that trading for the
first quarter ended 31 March 2021 has been strong. Revenue,
Adjusted EBITDA and Adjusted earnings per share are ahead of the
comparable quarter in 2020.
Total Produce continues to target full year adjusted earnings in
line with market expectations.
The Group's strong presence in the global fresh produce
industry, the diversity of its operations and products together
with the exceptional response from all of its people, continues to
enable Total Produce to meet the ongoing Covid-19 challenges.
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
This Announcement has been issued by and is the sole
responsibility of Total Produce.
Statements in this Announcement with respect to the Transaction,
the IPO and Total Produce's business, strategies, projected
financial figures, transaction synergies, and beliefs, as well as
other statements that are not historical facts are forward-looking
statements involving risks and uncertainties which could cause the
actual results to differ materially from such statements.
Statements containing the words "target", "expectations" and
similar expressions (or their negative) may identify certain of
these forward-looking statements. Any forward-looking statements in
this Announcement are based on numerous assumptions regarding Total
Produce's present and future business strategies and the
environment in which Total Produce will operate in the future.
Forward-looking statements involve inherent known and unknown
risks, uncertainties, and contingencies because they relate to
events and depend on circumstances that may or may not occur in the
future and may cause the actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. Many of these risks and
uncertainties relate to factors that are beyond Total Produce's
ability to control or estimate precisely, such as future market
conditions, currency fluctuations, the behaviour of other market
participants, the actions of regulators and other factors such as
Total Produce's ability to obtain financing, changes in the
political, social, and regulatory framework in which Total Produce
operates or in economic, technological or consumer trends or
conditions. Past performance should not be taken as an indication
or guarantee of future results, and no representation or warranty,
express or implied, is made regarding future performance. No person
is under any obligation to update or keep current the information
contained in this Announcement or to provide the recipient of it
with access to any additional information that may arise in
connection with it.
This Announcement and any statements made in connection with
this Announcement shall neither constitute an offer to sell nor the
solicitation of an offer to buy any securities, or the solicitation
of any proxy, vote, consent or approval in any jurisdiction in
connection with Total Produce or Dole plc, nor shall there be any
sale of securities in any jurisdiction in which the offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdictions.
This communication is not intended for distribution to, or use by
any person in, any jurisdiction where such distribution or use
would be contrary to local law or regulation.
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END
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July 02, 2021 06:10 ET (10:10 GMT)
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