Commencement of Share Buyback
Programme
London - Unilever PLC announces the
commencement of its up to €1.5 billion share buyback
With our full year 2023 results on 8
February 2024, Unilever PLC announced a programme to buy back
shares with an aggregate market value equivalent of up to €1.5
billion to be conducted during 2024 (the "Programme").
The first tranche of the Programme
(the "First Tranche") will be for an aggregate market value
equivalent of up to €850 million which will be bought back in the
form of Unilever PLC ordinary shares.
The First Tranche will commence on 17
May 2024 and will end on or before 30 August 2024. The purpose of
the First 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 1 May
2024, pursuant to which the maximum number of shares to be bought
back by Unilever PLC is 250,200,000.
Unilever PLC has entered into
non-discretionary instructions with Goldman Sachs International to
conduct the First Tranche on its behalf and to make trading
decisions under the First Tranche independently of Unilever
PLC.
ENDS
Enquiries
Media:
Unilever Press Office
press-office.london@unilever.com
Investors:
Investor Relations Team
investor.relations@unilever.com
About Unilever
Unilever is one of the world's
leading suppliers of Beauty & Wellbeing, Personal Care, Home
Care, Nutrition and Ice Cream products, with sales in over 190
countries and products used by 3.4 billion people every day. We
have 128,000 employees and generated sales of €59.6 billion in
2023.
For more information about Unilever
and our brands, please visit www.unilever.com.
Notes to
editors
Important
information
This announcement contains inside information. This is a
public announcement pursuant to Article 17 Paragraph 1 of the
European Market Abuse Regulation (596/2014), including as it forms
part of UK law.
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,
including with relation to Unilever's share buyback programme, its
purpose and timetable. Words such as 'will', 'aim', 'expects',
'anticipates', 'intends', 'looks', 'believes', 'vision',
'ambition', 'target', 'goal', 'plan', 'potential', 'work towards',
'may', 'milestone', 'objectives', 'outlook', 'probably', 'project',
'risk', 'seek', 'continue', 'projected', 'estimate', 'achieve' 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. All
forward-looking statements contained in this announcement are
expressly qualified in their entirety by the cautionary statements
contained or referred to in this section. Readers should not place
undue reliance on forward-looking statements.
Because these forward-looking statements involve known and
unknown risks and uncertainties, a number of which may be beyond
the Group's control, there are important factors that could cause
actual results to differ materially from those expressed or implied
by these forward-looking statements. The forward-looking statements
are based on our beliefs, assumptions and expectations of our
future performance, taking into account all information currently
available to us. Forward-looking statements are not predictions of
future events. These beliefs, assumptions and expectations can
change as a result of many possible events or factors, not all of
which are known to us.
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. New risks and uncertainties arise over time, and it is not
possible for us to predict those events or how they may affect us.
In addition, we cannot assess the impact of each factor on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements.
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
2023 and the Unilever Annual Report and Accounts 2023 available on
our corporate website www.unilever.com.