REG - Stock Exch Notice - N18/20 - Unilever Plc (UK) (TIDM: ULVR)

UnileverAnnouncement

26/11/2020 19:35

RNS Number : 6921G
  
London Stock Exchange Notice
  
26 November 2020
  
 






Market Notice



 




26 November 2020
 
N18/20 - Unilever Plc (UK) (TIDM: ULVR, ISIN: GB00B10RZP78) 




 
1.        London Stock Exchange ("the Exchange") would like to remind member firms of the upcoming corporate action in Unilever Plc (UK) shares (TIDM: ULVR, ISIN: GB00B10RZP78) which may lead to significantly increased trading activity on Friday 27 November 2020 given the index reweighting of London listed shares.  As a result, the Exchange requests that member firms review their:
 
•         pre-trade auction controls, including maximum participation levels,
limit pricing and monitoring of indicative auction uncrossing prices; and
 
  •         execution strategy to ensure flow is handled appropriately prior to and during the closing auction, both directly and on behalf of clients (for example, passive index participants) in order to ensure an appropriate management of expected large positions.
 
2.        The Exchange also reminds member firms of their responsibilities under Rules 1400 and 2101 of the Rules of the London Stock Exchange, where significant guidance is given with respect to order and auction management.
 
3.        Any queries to Market Supervision, UK Regulation, telephone +44 (0)20 7797 3666 (STX 33666) option 2.
 
 
 
Claire Foster 
Head of LSE Plc Regulation and Compliance 
 
 
This Stock Exchange Notice will be available on the website at: https://www.londonstockexchange.com/resources/london-stock-exchange-notices
 
Calls to London Stock Exchange plc may be recorded to enable London Stock Exchange to carry out its regulatory responsibilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 

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