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To participate in the CIP, you can view the brochure and supplement here and complete the CIP enrollment form.
If you wish to enroll in the CIP, please remit your completed enrollment form to:Computershare150 Royal Street, Suite 101Canton, MA 02021
Dole and Computershare are not advocating for the use of this service but are simply offering it to Dole shareholders. Shareholders should consider any tax or other implications resulting from using the service, and Dole and Computershare cannot provide such advice.
For additional questions, shareholders may contact Computershare.Within Ireland 01 447 5481Within the UK 0370 703 6290Within USA, US territories & Canada 1-888-756-7644International 1-781-575-2478
The responses to this Tax Q&A are based upon (i) Irish tax laws and the practice of the Revenue Commissioners of Ireland in effect on the date hereof and submissions which have been made to the Revenue Commissioners of Ireland, and (ii) US federal tax law in effect on the date hereof. Changes in law and/or administrative practice may result in a change in the tax consequences described above, possibly with retrospective effect.
The responses to this Tax Q&A do not constitute tax advice and are intended only as a general guide. The responses are not exhaustive and shareholders should consult their tax advisors about the Irish and US tax consequences (and tax consequences under the laws of other relevant jurisdictions) of the acquisition, ownership and disposal of Dole plc shares.
Individual shareholders who are resident or ordinarily resident in Ireland will generally be subject to income tax on gross distributions at their marginal tax rate, but may be entitled to a credit for the DWT deducted by Dole plc. Distributions will also likely be subject to the universal social charge. A charge to Irish social security taxes can also arise for such individuals on the amount of any distributions received from Dole plc. Please consult with your tax adviser the proper treatment based on your individual circumstances.
The following Irish resident shareholders may be exempt from DWT provided all proper DWT exemption forms have been provided prior to the actual payment. Please consult with your adviser or other qualifying intermediary or the DTC, to be sure the proper information and documents have been provided.
DWT must be deducted from distributions paid by Dole plc unless an Irish resident shareholder is entitled to an exemption and has submitted the appropriate information and forms .
Please click here for more information on DWT.
Shareholders that are “close” companies for Irish taxation purposes may, however, be subject to a 20% corporation tax surcharge on undistributed investment income. Please consult with your advisers regarding the definition and impacts of being a “close” company.
Generally, yes.
Any cash distributions (including the amount of any Irish tax withheld) will generally be includible in the gross income of a US Holder as dividend income on the day actually or constructively received by the US Holder. We suggest that you seek counsel from your tax adviser on the taxability and the timing of any inclusion of the distribution.
For purposes of this discussion, a “US Holder” is a beneficial owner of our ordinary shares that is, for US federal income tax purposes, (i) an individual who is a citizen or resident of the US, (ii) a corporation (or other entity treated as a corporation for US federal income tax purposes) created in, or organized under the law of the US or any state thereof or the District of Columbia, (iii) an estate the income of which is includible in gross income for US federal income tax purposes regardless of its source, or (iv) a trust (A) the administration of which is subject to the primary supervision of a US court and which has one or more US persons who have the authority to control all substantial decisions of the trust or (B) that has otherwise validly elected to be treated as a US person under applicable US tax law. Please confirm with your tax adviser if you meet the definition of a “US Holder”.
Please consult with our tax adviser on the proper treatment of the dividend distribution, as certain distributions may be subject to a lower tax rate.
The following Irish resident shareholders will be exempt from DWT provided Dole plc or, in respect of Dole plc shares held through DTC, any qualifying intermediary appointed by Dole plc, has received from the holder of such Dole plc shares, where required, the relevant DWT forms prior to the payment of the distribution:
DWT must be deducted from distributions paid by Dole plc unless an Irish resident shareholder is entitled to an exemption and has submitted a properly completed DWT form.
Companies resident in Ireland, other than those taxable on receipt of distributions as trading income, will be exempt from Irish corporation tax on distributions received in respect of Dole plc shares. Shareholders that are “close” companies for Irish taxation purposes may, however, be subject to a 20% corporation tax surcharge on undistributed investment income.
Individual shareholders who are resident or ordinarily resident in Ireland will be subject to income tax on gross distributions at their marginal tax rate, but will be entitled to a credit for the DWT deducted by Dole plc. Distributions will also be subject to the universal social charge. An Irish resident individual shareholder who is not liable or not fully liable for income tax by reason of exemption or otherwise may be entitled to receive an appropriate refund of tax withheld. A charge to Irish social security taxes can also arise for such individuals on the amount of any distributions received from Dole plc.
Irish stamp duty may be payable in respect of transfers of Dole plc shares depending on the manner in which the Dole plc shares are held. Dole plc has entered into arrangements with DTC to allow for Dole plc shares to be settled through the facilities of DTC.
Transfers of Dole plc shares effected by means of the transfer of book-entry interests in DTC will not be subject to Irish stamp duty. However, if you hold your Dole plc shares directly rather than beneficially through DTC or your Dole plc shares are transferred other than by means of the transfer of book-entry interests in DTC, any transfer of your Dole plc shares could be subject to Irish stamp duty. In such circumstances, while the payment of Irish stamp duty is primarily a legal obligation of the transferee, when shares are purchased on the NYSE, the purchaser will require the stamp duty to be borne by the transferor. The potential for stamp duty could adversely affect the price of your Dole plc shares which are held directly outside of DTC rather than beneficially through DTC or are transferred other than by means of the transfer of book-entry interests in DTC.
Irish capital acquisitions tax (“CAT”) could apply to a gift or inheritance of Dole plc shares, irrespective of the place of residence, ordinary residence or domicile of the parties. This is because Dole plc shares are regarded as property situated in Ireland. The person who receives the gift or inheritance has primary liability for CAT. Please consult with your tax adviser to determine the impacts based on your specific circumstances.
US backup withholding tax may apply to dividends on our ordinary shares if a US Holder (as defined above) fails to provide an accurate taxpayer identification number to the relevant transfer agent or is otherwise subject to backup withholding. Non-US Holders may be required to comply with certification and identification procedures to establish an exemption from US backup withholding tax, certifying that such holder is not a US Holder. Please consult with your tax adviser on the information and the forms needed to be provided.
Yes, on 29 July 2021, pursuant to a Scheme of Arrangement approved by the High Court of Ireland, all shares in Total Produce plc were exchanged for shares in Dole plc at the ratio of one Dole plc share for every seven Total Produce shares. Any fractional shares arising on such exchange are to be sold by Dole plc and the proceeds donated to UNICEF.
The exchange ratio was one Dole plc share for every seven Total Produce shares.
No, Total Produce plc will be re-registered as a private company limited by shares as it is now wholly owned by Dole plc. No transfers of Total Produce shares (other than transfers to Dole plc) will be registered. Any share certificates in respect of Total Produce plc shares have ceased to be of value and should, if so requested by Total Produce plc or its agents, be sent to Total Produce plc for cancellation.
You do not need to do anything with your Total Produce plc share certificates. Your Total Produce plc shares have automatically been exchanged for shares in Dole plc on 29 July 2021 pursuant to a Scheme of Arrangement approved by the High Court of Ireland.
Historical information about Total Produce plc is available in the Investors section of the Total Produce plc website at www.totalproduce.com.