Commencement of Share Buyback Programme
London – Unilever PLC announces the commencement of its up to €1.5 billion share buyback
With our full year 2023 results on 8 February 2024, Unilever PLC announced a programme to buy back shares with an aggregate market value equivalent of up to €1.5 billion to be conducted during 2024 (the “Programme”).
The first tranche of the Programme (the “First Tranche”) will be for an aggregate market value equivalent of up to €850 million which will be bought back in the form of Unilever PLC ordinary shares.
The First Tranche will commence on 17 May 2024 and will end on or before 30 August 2024. The purpose of the First Tranche is to reduce the capital of Unilever PLC and it will take place within the limitations of the authority granted to the Board of Unilever PLC by its general meeting, held on 1 May 2024, pursuant to which the maximum number of shares to be bought back by Unilever PLC is 250,200,000.
Unilever PLC has entered into non-discretionary instructions with Goldman Sachs International to conduct the First Tranche on its behalf and to make trading decisions under the First Tranche independently of Unilever PLC.
ENDS