TIDMULVR

RNS Number : 6698G

Unilever PLC

26 November 2020

UNILEVER ANNOUNCES IMPLEMENTATION OF PROPOSED AMMENTS

London/Rotterdam, 26 November 2020

Capitalised terms used but not defined in this announcement have the same meaning given to them in the Consent Solicitation Memorandum prepared by Unilever PLC ("PLC") and Unilever N.V. ("NV") dated 26 June 2020.

Notice is hereby given to the holders of the outstanding securities listed in the table below (each a "Series" and together, the "Notes") that:

a) the NV Demerger Effective Date occurred on 26 November 2020 whereby Unilever Finance Netherlands B.V. ("New Bond Sub") was incorporated and the NV Notes became obligations of New Bond Sub;

   b)      the Implementation Conditions in respect of each Series have been satisfied; and 

c) the Proposed Amendments in respect of each Series have been implemented including, without limitation, (i) the substitution of New Bond Sub in place of NV as the Issuer of the NV Notes and (ii) the release of NV's obligations as Guarantor in respect of the PLC Notes, in each case, with effect from 26 November 2020.

 
  Issuer    Guarantor       ISIN                Description 
---------  ----------  -------------  ------------------------------ 
 DIP Notes 
-------------------------------------------------------------------- 
 New Bond   PLC, UNUS   XS1654191623     EUR500,000,000 0.000 per 
    Sub                                  cent. Notes due July 2021 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1178970106     EUR750,000,000 0.500 per 
    Sub                                   cent. Notes due February 
                                                    2022 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1566100977     EUR600,000,000 0.375 per 
    Sub                                   cent. Notes due February 
                                                    2023 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1241577490     EUR500,000,000 1.000 per 
    Sub                                  cent. Notes due June 2023 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1769090728     EUR500,000,000 0.500 per 
    Sub                                 cent. Notes due August 2023 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1403014936     EUR500,000,000 0.500 per 
    Sub                                  cent. Notes due April 2024 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS2147133495    EUR1,000,000,000 1.250 per 
    Sub                                  cent. Notes due March 2025 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1654192191     EUR650,000,000 0.875 per 
    Sub                                  cent. Notes due July 2025 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1769090991     EUR700,000,000 1.125 per 
    Sub                                   cent. Notes due February 
                                                    2027 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1566101603     EUR600,000,000 1.000 per 
    Sub                                   cent. Notes due February 
                                                    2027 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1403015156     EUR700,000,000 1.125 per 
    Sub                                  cent. Notes due April 2028 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1654192274     EUR750,000,000 1.375 per 
    Sub                                  cent. Notes due July 2029 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS2147133578    EUR1,000,000,000 1.750 per 
    Sub                                  cent. Notes due March 2030 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1769091296     EUR800,000,000 1.625 per 
    Sub                                   cent. Notes due February 
                                                    2033 
---------  ----------  -------------  ------------------------------ 
   PLC        UNUS      XS1560644830     GBP350,000,000 1.125 per 
                                          cent. Notes due February 
                                                    2022 
---------  ----------  -------------  ------------------------------ 
   PLC        UNUS      XS1684780031     GBP250,000,000 1.375 per 
                                         cent. Notes due September 
                                                    2024 
---------  ----------  -------------  ------------------------------ 
   PLC        UNUS      XS2008921277     GBP500,000,000 1.500 per 
                                         cent. Notes due July 2026 
---------  ----------  -------------  ------------------------------ 
   PLC        UNUS      XS1684780205     GBP250,000,000 1.875 per 
                                         cent. Notes due September 
                                                    2029 
---------  ----------  -------------  ------------------------------ 
   PLC        UNUS      XS2008925344     EUR650,000,000 1.500 per 
                                         cent. Notes due June 2039 
---------  ----------  -------------  ------------------------------ 
 Standalone Notes 
-------------------------------------------------------------------- 
 New Bond   PLC, UNUS   XS1873208950     EUR650,000,000 0.500 per 
    Sub                                 cent. Bonds due January 2025 
---------  ----------  -------------  ------------------------------ 
 New Bond   PLC, UNUS   XS1873209172     EUR650,000,000 1.375 per 
    Sub                                  cent. Bonds due September 
                                                    2030 
 

Supplemental Trust Deeds

The Supplemental Trust Deeds for each Issuer implementing the relevant Proposed Amendments in respect of all Series of Notes have been executed by, inter alia, the Trustee, the relevant Issuer and the relevant Guarantors.

This notice is given by:

Unilever Finance Netherlands B.V., Unilever N.V. and Unilever PLC

26 November 2020

DISCLAIMER

Safe Harbour

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', 'aim', 'expects', 'anticipates', 'intends', '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.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; the effect of climate change on Unilever's business; Unilever's ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. A number of these risks have increased as a result of the current COVID-19 pandemic. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission (the "SEC"), including in the Annual Report on Form 20-F 2019 and the Unilever Annual Report and Accounts 2019.

Important Information

This announcement is for informational purposes only and does not constitute or form part of an offer to sell or the solicitation of an offer to buy or subscribe to any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This announcement is not an offer of securities for sale into the United States. No offering of securities shall be made in the United States except pursuant to registration under the US Securities Act of 1933 (the "Securities Act"), or an exemption therefrom. In connection with Unification, Unilever PLC expects to issue ordinary shares (including ordinary shares represented by American Depositary Shares) to security holders of Unilever N.V. in reliance upon the exemption from the registration requirements of the Securities Act provided by Section 3(a)(10) thereof. Unification has not been and will not be approved or disapproved by the SEC, nor has the SEC or any US state securities commission passed upon the merits or fairness of Unification. Any representation to the contrary is a criminal offence in the United States.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

No solicitation will be made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase. It is not an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129.

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November 26, 2020 10:15 ET (15:15 GMT)