REG - Unilever PLC - Share Buy-Back Programme

UnileverAnnouncement

17/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240517:nRSQ8168Oa&default-theme=true

RNS Number : 8168O  Unilever PLC  17 May 2024

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 (mailto:press-office.london@unilever.com)

 

Investors:

Investor Relations Team investor.relations@unilever.com
(mailto: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 (http://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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSBCGDUDSBDGSL