UK-based Nomad Foods is offering 20 million of its ordinary shares through an underwritten public offering, announced Monday.

The parent company of Birds Eye, Findus and Iglo, among others, intends to use the net proceeds from the offering for general corporate purposes.

It is offering 17,391,305 of its ordinary shares at a public offering price of $20.00 (€17.60) per share with the gross proceeds to Nomad Foods expected to be approximately $347,826,100 (€306.7 million), before deducting underwriting discounts and commissions and offering expenses payable by Nomad Foods.

Goldman Sachs & Co. LLC, Barclays, Citigroup, Credit Suisse and UBS Investment Bank are acting as bookrunners, and SunTrust Robinson Humphrey, BTIG, LLC and CJS Securities are acting as co-managers for the offering.

Nomad Foods has granted to the underwriters a 30-day option to purchase up to 2,608,695 additional ordinary shares.

The offering is expected to close on or about March 22, 2019, subject to customary closing conditions.

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