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)
Jul 11, 2022
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, PO Box 71 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
-
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 4-21 - Redemption of Security References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Redemption of All Outstanding 20,000,000 Series A-1 Preference Shares
Background/Description of the Disclosure
Following prior announcements and the provisions of the Prospectus and Offer Supplement both dated as of 20 March 2017 of Del Monte Pacific Limited (the “Company”) in relation to its issuance on 7 April 2017 of the Series A-1 Preference Shares, with trading symbol DMPA1, the Company had redeemed on 7 April 2022 all of the outstanding 20,000,000 Series A-1 Preference Shares at a redemption price equal to the issue price thereof at US$10 per share, plus any accrued and unpaid cash dividends due them as of 7 April 2022, after deduction of transfer costs customarily chargeable to stockholders, as applicable to effect the redemption (the “Redemption Price”). The Redemption Price was paid to holders of the Series A-1 Preference Shares as of 30 March 2022, which was the previously disclosed record date.
The Company has no current plans to re-issue the DMPA1 shares but it may do so in the future depending on market conditions.
Prior to the redemption of the DMPA1 shares, the total number of preference shares owned by foreigners (as of 30 March 2022) is 353,110 shares, or 1.117% of all preference shares (DMPA1 and DMPA2) of the Company. After the redemption of the DMPA1 shares, the total number of preference shares owned by foreigners as of 30 April 2022 is 378,100 shares, or 3.7810% of all preference shares (DMPA2) of the Company.
The Company’s shares, including DMPA1, are governed by the laws of the British Virgin Islands. Pursuant to the Company’s Memorandum of Association and the March 20, 2017 Prospectus (page 39 [General Provisions Applicable to All Events of Optional Redemption]), upon the redemption of any of the Company’s preference shares (including DMPA1), these redeemed shares shall be cancelled but shall remain part of the Company’s authorized capital stock and shall be available to be re-issued if decided by the Board.
This Disclosure has been amended to provide an update that the redemption by the Company of the 20,000,000 DMPA1 shares had been completed on 7 April 2022.
Date of Approval by Board of Directors
Mar 10, 2022
Record Date, if applicable
Mar 30, 2022
Redemption Price
Issue Price at US$10 per share, plus any accrued and unpaid cash dividends, less transfer costs
Del Monte Pacific LimitedDELM