Unilever PLC Share Buy-Back Programme -- update (3638J)
August 20 2021 - 10:00AM
UK Regulatory
TIDMULVR
RNS Number : 3638J
Unilever PLC
20 August 2021
Share Buy-Back Programme - update
20/ 08 /20 21
London - Unilever PLC announces the commencement of the second
tranche of its programme to buy back shares with an aggregate
market value equivalent of up to EUR3 billion.
On 29 April 2021, Unilever PLC announced its first quarter
results and a share buyback programme of up to EUR3 billion to be
completed by the end of this year.
The first tranche of this buyback programme (the "Initial
Programme") began on 6 May 2021 and completed on 13 August
2021.
Unilever PLC today announces the second tranche of the programme
which will commence on 23 August 2021 and complete on or prior to
31 December 2021 (the "Second Tranche"). This Second Tranche will
be to buy back Unilever PLC ordinary shares with a total market
value of up to EUR1.5bn. The Second Tranche, the purpose of which
is to reduce the capital of Unilever PLC, will take place within
the limitations of the authority granted to the Board of Unilever
PLC by its general meeting, held on 5th May 2021, pursuant to which
the maximum number of shares to be bought back by Unilever PLC is
262,811,000. After taking into account the number of shares bought
back under the Initial Programme, the maximum number of shares that
can be bought back under the Second Tranche is 232,343,270.
Unilever PLC has entered into non-discretionary instructions
with UBS AG, London Branch to conduct the Second Tranche on its
behalf and to make trading decisions under the Second Tranche
independently of Unilever PLC.
Unilever PLC
Unilever House
100 Victoria Embankment
London EC4Y 0DY
United Kingdom
Press-Office.London@Unilever.com
CAUTIONARY STATEMENT
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.
Words such as 'will', 'aim', 'expects', 'anticipates', 'intends',
'looks', 'believes', 'vision', 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.
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; the effect of climate change on Unilever's
business; Unilever's ability to find sustainable solutions to its
plastic packaging; significant changes or deterioration in customer
relationships; the recruitment and retention of talented employees;
disruptions in our supply chain and distribution; increases or
volatility in the cost of raw materials and commodities; the
production of safe and high quality products; secure and reliable
IT infrastructure; execution of acquisitions, divestitures and
business transformation projects; economic, social and political
risks and natural disasters; financial risks; failure to meet high
and ethical standards; and managing regulatory, tax and legal
matters. A number of these risks have increased as a result of the
current Covid-19 pandemic. These forward-looking statements speak
only as of the date of this document. 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.
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
2020 and the Unilever Annual Report and Accounts 2020 available on
our corporate website.
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