REG - Unilever PLC - Unilever update

UnileverAnnouncement

19/01/2022 16:35

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RNS Number : 0014Z  Unilever PLC  19 January 2022

Unilever update

 

London, 19 January 2022. We note the recently shared financial assumptions
from the current owners of GSK Consumer Healthcare and have determined that it
does not change our view on fundamental value.

 

Accordingly, we will not increase our offer above £50bn.

 

Unilever is committed to maintaining strict financial discipline to ensure
that acquisitions create value for our shareholders. Unilever also reiterates
its commitment to continuing to improve the performance of its existing
portfolio through its ongoing focus on operational excellence, its upcoming
reorganisation and by rotating the portfolio to higher growth categories.

 

We look forward to updating on our performance for Q4, and the full year, on
February 10th and continued engagement with shareholders.

 

ENDS

 

Enquiries
Media:

Jonathan Sibun +44 77 7999 9683 / JSibun@tulchangroup.com

Lucila Zambrano +44 78 2527 3767 / lucila.zambrano@unilever.com

 

Investors:

Investor Relations Team +44 20 7822 6830 investor.relations@unilever.com

 

About Unilever  

 

Unilever is one of the world's leading suppliers of Beauty & Personal
Care, Home Care, and Foods & Refreshment products, with sales in over 190
countries and products used by 2.5 billion people every day. We have 149,000
employees and generated sales of €50.7 billion in 2020.

Our vision is to be the global leader in sustainable business and to
demonstrate how our purpose-led, future-fit business model drives superior
performance. We have a long tradition of being a progressive, responsible
business.

The Unilever Compass, our sustainable business strategy, is set out to help us
deliver superior performance and drive sustainable and responsible growth,
while:

- improving the health of the planet;

- improving people's health, confidence and wellbeing; and

- contributing to a fairer and more socially inclusive world.

For more information about Unilever and our brands, please
visit www.unilever.com
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.unilever.com%2F&data=04%7C01%7CAndriana.Matsangou%40unilever.com%7C42ee47b2288d45f8f2a208d8df2d618c%7Cf66fae025d36495bbfe078a6ff9f8e6e%7C1%7C0%7C637504733280668573%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=lScCQSEAvkw%2Bpg9uZtvDK3xlyNvKIfqQyv6GDWdkKt8%3D&reserved=0)
.  

 

 

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'). 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 document. 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 2020 and the Unilever Annual Report and Accounts
2020 available on our corporate website.

 

 

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