Unilever plc (LON:UNVR) today announced a programme to purchase shares up to an aggregate market value equivalent of €165 million. The purpose of the programme is to enable the Group to meet share award obligations under its Management Co-Investment Plan. The programme, to be conducted by Unilever N.V., will commence on 29th April 2019 and will end no later than close of business on 17th May 2019.
Under the terms of the programme, a maximum of 995,000 Unilever PLC ordinary shares and 1,787,000 Unilever N.V. ordinary shares (or depositary receipts in respect of such ordinary shares) will be purchased.
The share purchase programme will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052.
The Group has entered into non-discretionary instructions with UBS AG London Branch to conduct the share purchase programme on its behalf and to make trading decisions under the programme independently of the Group.
In addition, up to 81,000 American Depositary Shares of Unilever PLC and up to 891,000 New York Registry Shares of Unilever N.V. will be repurchased for the same purpose on the New York Stock Exchange based on non-discretionary instructions with UBS Securities LLC.
As at 31st December 2018, Blackrock Income Growth and Investment Trust PLC has 4.8% of their portfolio held in Unilever PLC.
