REG - Unilever PLC - Share Buy-Back Programme

UnileverAnnouncement

17/03/2023 07:45

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RNS Number : 3474T  Unilever PLC  17 March 2023

17 March 2023

 

Share Buy-Back Programme - Commencement of Third Tranche

London - Unilever PLC announces the commencement of the third tranche 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 "Programme").

On 23 March 2022, Unilever PLC announced the commencement of the first tranche
of the Programme for an aggregate market value equivalent to €750 million.

On 6 September 2022, Unilever PLC announced the commencement of the second
tranche of the Programme (the "Second Tranche") for an aggregate market value
equivalent to €750 million.

Unilever PLC now announces the commencement of the third tranche of the
Programme (the "Third Tranche") for an aggregate market value equivalent to
€750 million which will be bought back in the form of Unilever PLC ordinary
shares.

Any further tranches of the Programme, which may be conducted after completion
of the Third Tranche, will be announced in due course. The purpose of the
Third Tranche 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 4th May 2022, pursuant to which the maximum
number of shares to be bought back by Unilever PLC is 256,262,000. After
taking into account the number of shares bought back under the Second Tranche,
the maximum number of shares that can be bought back under the Third Tranche
is 239,846,867.

The Third Tranche will commence on 17 March 2023 and will end on or before 24
July 2023.

Unilever PLC has entered into non-discretionary instructions with EXANE SA (a
wholly owned subsidiary of BNP Paribas SA) to conduct the Third Tranche on its
behalf and to make trading decisions under the Third Tranche 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,
there are important factors that could cause 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 2022 and the Unilever Annual Report and Accounts
2022 available on our corporate website www.unilever.com
(http://www.unilever.com) .

 

 

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