CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Aug 4, 2021
2. SEC Identification Number
-
3. BIR Tax Identification No.
-
4. Exact name of issuer as specified in its charter
Del Monte Pacific Limited
5. Province, country or other jurisdiction of incorporation
British Virgin Islands
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Craigmuir Chambers, Road Town, Tortola, British Virgin IslandsPostal Code-
8. Issuer's telephone number, including area code
+6563246822
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Ordinary Shares
1,943,960,024
Series A-1 Preference Shares
20,000,000
Series A-2 Preference Shares
10,000,000
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Del Monte Pacific LimitedDELM
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
DMPI delays its IPO due to volatile market conditions
Background/Description of the Disclosure
In light of increased market volatility, the Board of Directors of Del Monte Pacific Limited (the “Company”), in consultation with its advisors, has decided to delay the initial public offering of its subsidiary, Del Monte Philippines, Inc. on the Philippine Stock Exchange.
With the return of strict COVID lockdown measures in the Philippines from 6 August, the Board believes that it is in the best interests of the Company, its shareholders and potential investors to defer the listing until conditions improve.
The Board remains committed to listing DMPI and continues to believe strongly in the growth and resilience of its business. During this time, Company will continue discussions with potential investors and strategic partners that have expressed interest during the IPO process.
The Company will make further announcements as appropriate.