17 Feb 2023 07:00
TRIAN INVESTORS 1 LIMITED(the "Company")
Compulsory Share Redemption Update
17 February 2023
Further to the Company's announcement on 19 January 2023, Trian Investors Management, LLC (the "Investment Manager") has notified the Board that Trian Investors 1, L.P. (the "Investment Partnership") has distributed all of the Unilever plc ("Unilever") shares which it holds to its partners, effective as of the close of business on 16 February 2023.
The Board anticipates completing a partial share redemption, the consideration for which will be satisfied by the in specie distribution of the Unilever shares which it received from the Investment Partnership to shareholders as soon as practicable. Further details of the redemption will be announced shortly.
Following the partial share redemption, the Board expects to put proposals to shareholders to liquidate the Company.
LEI: 213800UQPHIQI5SPNG39
Terms not defined in this announcement shall have the meaning defined in the Company's prospectus dated 21 September 2018.
For further information, please contact:
Numis Securities Limited
(Corporate Broker)
+44 (0)20 7260 1000
David Benda
Nathan Brown
Vicki Paine
Greenbrook
(Communications Adviser)
+44 (0)20 7952 2000
Andrew Honnor
Rob White
Bree Taylor
Ocorian Administration (Guernsey) Limited(Administrator and Company Secretary)+44 (0)1481 742 742Chezi Hanford