London – Unilever PLC announces the commencement of the fourth and final tranche of its programme to buy back shares with an aggregate market value equivalent of up to €3 billion.
On 10 February 2022, Unilever PLC announced its fourth quarter and full year 2021 results and a share buyback programme of up to €3 billion to be conducted over the next two years (the “Programme”).
On 23 March 2022, Unilever PLC announced the commencement of the first tranche of the Programme for an aggregate market value equivalent to €750 million.
On 6 September 2022, Unilever PLC announced the commencement of the second tranche of the Programme for an aggregate market value equivalent to €750 million.
On 17 March 2023, Unilever PLC announced the commencement of the third tranche of the Programme for an aggregate market value equivalent to €750 million.
Unilever PLC now announces the commencement of the fourth and final tranche of the Programme (the “Fourth Tranche”) for an aggregate market value equivalent to €750 million which will be bought back in the form of Unilever PLC ordinary shares.
The purpose of the Fourth 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 3rd May 2023, pursuant to which the maximum number of shares to be bought back by Unilever PLC is 253,000,000.
The Fourth Tranche will commence on 8 September 2023 and will end on or before 22 December 2023.
Unilever PLC has entered into non-discretionary instructions with Merrill Lynch International to conduct the Fourth Tranche on its behalf and to make trading decisions under the Fourth Tranche independently of Unilever PLC.
Unilever PLC
Unilever House
100 Victoria Embankment
London EC4Y 0DY