REG - Unilever PLC - Commencement of Share Buy-Back Programme

UnileverAnnouncement

23/03/2022 08:00

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RNS Number : 6756F  Unilever PLC  23 March 2022

Commencement of Share Buy-Back Programme

 

23 March 2022

 

London - Unilever PLC announces the commencement 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 first tranche of this buyback programme (the "Initial Programme") will be
for an aggregate market value equivalent to €750,000,000 which will be
bought back in the form of Unilever PLC ordinary shares.

 

Any further tranches of the buyback programme, which may be conducted after
completion of the Initial Programme, will be announced in due course. The
purpose of the Initial Programme 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 5th May 2021, pursuant
to which the maximum number of shares to be bought back by Unilever PLC is
262,811,000.

 

After deducting the number of shares bought back by Unilever PLC under the
first and second tranches of the previous buyback programme announced on 29
April 2021, the maximum number of shares to be bought back by Unilever PLC
under the Initial Programme is 199,834,855.

 

The Initial Programme will commence on 23 March 2022 and will end on or before
29 July 2022.

 

Unilever PLC has entered into non-discretionary instructions with HSBC Bank
plc to conduct the Initial Programme on its behalf and to make trading
decisions under the Initial Programme independently of Unilever PLC.

 

Unilever PLC

Unilever House

100 Victoria Embankment

London EC4Y 0DY

United Kingdom

Press-Office.London@Unilever.com (mailto:Press-Office.London@Unilever.com)

 

 

Cautionary Statement

 

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, including with relation to
Unilever's share buyback programme, its purpose and timetable. 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'). They are not
historical facts, nor are they guarantees of future performance or outcomes.
Because these forward-looking statements involve risks and uncertainties,
actual results may differ materially from those expressed or implied by these
forward-looking statements. 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, including in the
Annual Report on Form 20-F 2021 and the Unilever Annual Report and Accounts
2021 available on our corporate website www.unilever.com
(http://www.unilever.com) .

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