April 28 (Reuters) - Del Monte Pacific Ltd DMPL.SI :
* DEL MONTE PACIFIC'S SUBSIDIARY, DEL MONTE PHILIPPINES,
INC,
SUBMITS REGISTRATION STATEMENT FOR IPO IN PHILIPPINES
* DEL MONTE PHILIPPINES, INC SUBMITS REGISTRATION STATEMENT
FOR
IPO IN PHILIPPINES
* DMPL WILL USE PROCEEDS FROM IPO TO REDUCE GEARING AND
RETIRE
SOME OF ITS PREFERENCE SHARES
* DMPL, VIA UNIT CENTRAL AMERICAN RESOURCES, INC & SEA DINER
TO
OFFER UP TO 15% AND UP TO 10% OF THEIR STAKE IN DMPI,
RESPECTIVELY
* DMPL ALSO INTENDS TO RETAIN A MAJORITY STAKE IN DMPI POST
IPO
* EXPECTED TO BE AN OVER-ALLOTMENT OPTION OF UP TO 15% OF
TOTAL
OFFER SHARES
* SEA DINER WILL ALSO BE RETAINING A HOLDING IN DMPI
FOLLOWING ITS
PROPOSED LISTING
* DMPL VIA UNIT AND SEA DINER TO OFFER THE STAKES IN DMPI
FOR
COMBINED OFFERING OF UP TO 25% TO BE FLOATED IN PROPOSED IPO
Source text for Eikon: ID:nSNZ6jCFV5
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