Del Monte Delays IPO

In light of increased market volatility, the Board of Directors of Del Monte Pacific Limited , in consultation with its advisors, has decided to delay the initial public offering of its subsidiary, Del Monte Philippines, Inc. (“DMPI”), on the Philippine Stock Exchange (“PSE”).

Photo Insert: Delay for Del Monte's IPO

Amidst a surge of COVID-19 cases in the Philippines and in the region, the PSE has been highly volatile in recent weeks, and 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, the Company will continue discussions with potential investors and strategic partners that have expressed interest during the IPO process.

The company said it will make further announcements as appropriate.

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