Diversey Announces Proposed Public Offering of Ordinary Shares
November 08 2021 - 5:24PM
Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of
hygiene, infection prevention and cleaning solutions, today
announced it intends to offer and sell 15,000,000 ordinary shares.
Diversey is offering these shares pursuant to a registration
statement on Form S-1 filed with the Securities and Exchange
Commission (“SEC”). Diversey also intends to grant the underwriters
a 30-day option to purchase up to an additional 2,250,000 shares on
the same terms and conditions. Diversey currently intends to use
the net proceeds from the proposed offering for general corporate
purposes, which may include capital expenditures, potential
acquisitions, growth opportunities and strategic transactions.
Citigroup and Morgan Stanley are acting as book-running managers
for the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering may be obtained from: Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel:
800-831-9146); or Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement relating to these securities has been
filed with the SEC, but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Cautionary Statements Regarding Forward-Looking
Information
This communication contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. You can identify forward-looking statements by the fact that
they do not relate strictly to historical or current facts. Such
forward-looking statements include, but are not limited to, the
timing, size and completion of the proposed public offering of
common stock. Such statements are subject to numerous important
factors, risks and uncertainties that may cause actual events or
results to differ materially from current expectations and beliefs,
including but not limited to risks and uncertainties related to
market conditions and satisfaction of customary closing conditions
related to the proposed offering, and other risks and uncertainties
related to the offering, Diversey and its business as set
forth in Diversey’s registration statement on Form S-1 filed with
the SEC on November 8, 2021 and the preliminary
prospectus included therein, as well as the other
documents Diversey files from time to time with
the SEC. These documents contain and identify important
factors that could cause the actual results
for Diversey to differ materially from those contained in
Diversey’s forward-looking statements. Any forward-looking
statements contained in this press release speak only as of the
date hereof, and Diversey specifically disclaims any
obligation to update any forward-looking statement, except as
required by law.
About Diversey
Diversey’s mission is to protect and care for people through
leading hygiene, infection prevention, and cleaning solutions. We
develop and deliver innovative products, services, and technologies
that save lives and protect our environment. Over the course of 95
years, the Diversey brand has become synonymous with product
quality, service, and innovation.
Investor Contact: Grant
Graverir@diversey.com
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