Successful buy-out and delisting of Unilever N.V. preference shares
London/Rotterdam – Unilever PLC, Unilever N.V. and Unilever Corporate Holdings Nederland B.V. (“UCHN”), a wholly-owned subsidiary of Unilever PLC, today jointly announce that the Enterprise Chamber of the Amsterdam Court of Appeal ordered the remaining holders of issued and outstanding (depositary receipts of) 6% and 7% cumulative preference (sub)shares in the capital of Unilever N.V. (together the “Preference Shares”) to transfer their Preference Shares to UCHN for a price equal to the price of the tender offer on the Preference Shares of 11 October 2017, to be increased with statutory interest as of 3 November 2017 until the date of transfer of the Preference Shares to UCHN (“Buy-Out Price”).
- Court orders transfer of remaining outstanding 6% and 7% preference shares
- 6% and 7% preference shares will be delisted on 5 April 2018
- The last trading day of the 6% and 7% preference shares will be 4 April 2018
On or around 16 April 2018, UCHN will deposit the Buy-Out Price relating to the Preference Shares that until that date have not been transferred to UCHN into the consignment fund of the Dutch Ministry of Finance, as a result of which the then remaining Preference Shares will be transferred to UCHN by operation of law. As of the date of consignment, the remaining former holders of Preference Shares are entitled to receive payment of the Buy-Out Price from the consignment fund of the Dutch Ministry of Finance. Holders of book-entry Preference Shares will receive the Buy-Out Price through via their intermediary in due course.
Unilever N.V. has applied for delisting of the Preference Shares from Euronext in Amsterdam (“Euronext”), which is confirmed by Euronext. Delisting will take place on 5 April 2018 and the last day that the (depositary receipts of) Preference Shares can be traded on Euronext will therefore be 4 April 2018.
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This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as ‘will’, ‘aims’, ‘expects’, anticipates’, ‘intends’, ‘seeks’, ‘looks’, ‘believes’, ‘vision’, or the negative of these terms and other similar expressions of future performance or results and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the "Group" or “Unilever”). They are not historical facts, nor are they guarantees of future performance.
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