Unilever shares – the basics
NV and PLC, together with their group companies, operate effectively as a single economic entity.
Our shares - the basics
Unilever N.V. ordinary shares (ISIN NL0000388619) and depositary receipts of ordinary shares (ISIN NL0000009355) are listed on Euronext Amsterdam and as New York registry shares (CUSIP 904784709) on the New York Stock Exchange.
The ordinary shares, the depositary receipts of ordinary shares and the New York registry shares are exchangeable on 1:1.
Unilever PLC ordinary shares (ISIN GB00B10RZP78) and depositary receipts of ordinary shares (ISIN US9047677045) are listed on the London Stock Exchange and as American Depositary Receipts (CUSIP 904767704) on the New York Stock Exchange.
Each ADR represents 1 underlying ordinary PLC share. There are 1,714,727,700 NV ordinary shares in issue, each having a nominal value of €0.16. There are 1,199,662,738 PLC ordinary shares in issue, each having a nominal value of 3 1/9 pence.
The equalisation agreement
The Equalisation Agreement between NV and PLC is such that each Unilever N.V. ordinary share of €0.16 represents the same underlying economic interest in the Unilever Group as each Unilever PLC ordinary share of 3 1/9 pence (safe for exchange rate fluctuations).
Since each PLC ADR in New York represents 1 underlying ordinary PLC share, the equalisation agreement implies, in rounded terms, a ratio of 1 NV New York registry share to 1 PLC ADR.
Registered in London Company Number: 41424
Registered Office: Port Sunlight Wirral Merseyside CH62 4ZD
Commercial Register Number: 24051830
Registered Office: Weena 455 3013 AL Rotterdam
The history of Unilever
Unilever was founded in 1930 following a business merger between Naamlooze Vennootschap Margarine Unie of the Netherlands and Lever Brothers Limited of the UK.
To avoid punitive taxation levies and the disruption to the business that would result from dividing integrated national companies into their component parts, both companies pooled their interests through a business merger as opposed to a legal merger.
Two controlling companies were set up, one English (Unilever Ltd - now Unilever PLC) and the other Dutch (Naamlooze Vennootschap Margarine Unie – now Unilever N.V.).
To allow both companies to operate as a single legal entity notwithstanding their independent legal structures, a series of agreements was put in place: mutual sharing of brands and technology; equalisation of dividend; mutual guarantee of borrowings; identical Boards of Directors and equal treatment for shareholders in the event of dissolution.
Overview of structure
Unilever N.V. and PLC have separate legal identities but operate as a single entity. Each Unilever N.V. ordinary share of € 0.16 represents the same underlying economic interest in the Unilever Group as each Unilever PLC ordinary share of 3 1/9 pence (save for exchange rate fluctuations).