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By Adam Clark
Unilever PLC (ULVR.LN) said Thursday that the board of its NV Trust Office has agreed to terminate its depositary-receipt structure.
The owner of the Hellmann's mayonnaise, Dove soap and Ben & Jerry's ice cream brands said NV depositary receipts will be terminated Friday after the close of trading on Euronext Amsterdam. Holders will receive ordinary shares in Unilever NV (UNA.AE).
Unilever said the NV Trust Office will no longer be able to exercise voting rights or issue depositary receipts but will continue to operate until June 27, 2021, to facilitate the conversion of bearer certificates to shares.
According to the company, depositary receipts are currently in issue for around 74% of Unilever NV shares.
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(END) Dow Jones Newswires
June 27, 2019 02:30 ET (06:30 GMT)
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