Last checked at 30 Nov 2018 16:56
UNILEVER COMPLETES SHARE BUYBACK PROGRAMME
London/Rotterdam, November 30, 2018 - Unilever PLC and Unilever N.V. today announce the successful completion of the second tranche of the programme to buy shares with an aggregate market value equivalent of €3 billion (the 'Second Tranche'). Between 20 July and 30 November 2018, 30,576,447 Unilever N.V. shares and 31,458,088 Unilever PLC shares were purchased.
With the completion of the Second Tranche Unilever has delivered on its intention, as announced on 19 April 2018, to buy back shares with an aggregate market value equivalent of up to €6 billion, in line with Unilever's objective to return the after-tax proceeds of the Spreads disposal to shareholders.
Unilever contacts
For more information, please contact:
Lucila Zambrano + 44 7825273767 Lucila.Zambrano@unilever.com | Fleur Van-Bruggen +31 615 008 293 Fleur-van.bruggen@unilever.com |
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
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This announcement may contain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements related to underlying sales growth and underlying operating margin. Words such as 'will', 'aim', 'expects', 'anticipates', 'intends' or 'intention', 'looks', believes', 'vision', 'considers' or the negative of these terms and other similar expressions 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 ("Unilever" or the "Unilever Group"). They are not historical facts, nor are they guarantees of future performance.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; inability to find sustainable solutions to support long-term growth; customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain; the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; successful execution of acquisitions, divestitures and business transformation projects; economic and political risks and natural disasters; the effect of climate change on Unilever's business; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Unilever 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 Unilever 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 Unilever Group are described in the Unilever 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 2017 and the Unilever Annual Report and Accounts 2017.