Unilever Expects to Complete Simplification in December
11 Septiembre 2018 - 1:55AM
Noticias Dow Jones
By Adria Calatayud
Unilever PLC (ULVR.LN) said Tuesday that it expects to complete
the simplification of its current dual corporate structure in
December, with trading in its new shares anticipated to start on
Dec. 24.
The Anglo-Dutch consumer-goods giant, which currently operates
as two separately-listed companies--Unilever PLC and Unilever NV
(UNA.AE)--said the simplification will be achieved through a
combined process involving a U.K. scheme of arrangement and a Dutch
statutory legal merger.
One ordinary share in the capital of the unified entity will be
issued for each NV share and for each PLC share, Unilever said.
Shareholders will receive shares in the capital of the unified
parent that represent an equivalent economic interest, the company
said.
The proposed simplification is subject to shareholder approval
and regulatory consents, the company said.
Meetings will be held in Rotterdam on Oct. 25 for NV
shareholders and in London on Oct. 26 for PLC shareholders,
Unilever said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
September 11, 2018 02:40 ET (06:40 GMT)
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