Unification of Unilever’s legal structure | shareholder docs | Unilever (2024)

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Unification of Unilever PLC and Unilever N.V. and their respective group companies (together, “Unilever”) under a single parent company, Unilever PLC (“Unification”)

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Unification documents

In connection with Unification, Unilever PLC and Unilever N.V. have published a shareholder circular (the “Shareholder Circular”) with respect to their cross-border merger (the “Proposed Cross-Border Merger”) and the Unification proposal. Unilever PLC has published a prospectus in connection with the proposed admission of (i) new PLC ordinary shares to listing on the premium listing segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange and (ii) the PLC ordinary shares, including the new PLC ordinary shares, to listing and trading on Euronext in Amsterdam, a regulated market operated by Euronext Amsterdam N.V. (the “Prospectus”), which has been approved by the UK Financial Conduct Authority and passported to the Netherlands. The Prospectus (including information incorporated by reference therein) contains detailed information about Unilever and its management, as well as financial statements and other financial data.

SHAREHOLDERS AND SECURITY HOLDERS OF UNILEVER PLC AND UNILEVER N.V. ARE ADVISED TO READ THE PROSPECTUS, SHAREHOLDER CIRCULAR AND OTHER RELEVANT DOCUMENTS REGARDING THE PROPOSED CROSS-BORDER MERGER AND THE UNIFICATION CAREFULLY AND IN THEIR ENTIRETY, INCLUDING THE EXHIBITS THERETO AND INFORMATION INCORPORATED BY REFERENCE THEREIN, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT UNILEVER, THE PROPOSED CROSS-BORDER MERGER AND UNIFICATION.

Shareholders are able to obtain the Prospectus and the Shareholder Circular, without charge, from the following webpage.

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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 circ*mstances 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 (the “SEC”), including in the Annual Report on Form 20-F 2019 and the Unilever Annual Report and Accounts 2019.

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Unification of Unilever’s legal structure | shareholder docs | Unilever (2024)

FAQs

Unification of Unilever’s legal structure | shareholder docs | Unilever? ›

In 2020, Unilever

Unilever
Established over 100 years ago, we are one of the world's largest consumer goods companies. We are known for our great brands and our belief that doing business the right way drives superior performance.
https://www.unilever.com › our-company › at-a-glance
unified its Group legal structure under a single parent company, Unilever PLC, creating a simpler company with greater strategic flexibility, that is better positioned for future success.

What organizational structure does Unilever use? ›

This type of structure is known as a 'functional' or 'divisional' structure whereby an organization is divided up according to focus areas. In Unilever's case, the focus is on the Business Groups which cover key brand and product areas.

Did Unilever PLC merge with Unilever NV? ›

Unilever announced its plans to move from its dual-headed structure to a single parent company in June through a cross-border merger by combining Unilever NV into Unilever PLC, with the latter as a resultant company.

Who are the top 5 shareholders of Unilever? ›

Largest shareholders include Wellington Management Group Llp, BlackRock Inc., Fisher Asset Management, LLC, VEIPX - Vanguard Equity Income Fund Investor Shares, Fmr Llc, Bank Of America Corp /de/, Hotchkis & Wiley Capital Management Llc, Morgan Stanley, VWINX - VANGUARD WELLESLEY INCOME FUND Investor Shares, and State ...

Who owns Unilever and its associates? ›

Structure/Ownership. The company is a joint venture of Unilever NV (The Netherlands) and Unilever PLC (UK), the parent companies. Since 1930, the two companies have operated as one, linked by a series of agreements.

What is the difference between Unilever PLC and Unilever NV? ›

Unilever N.V. ordinary shares are listed on Euronext Amsterdam and as New York registry shares on the New York Stock Exchange. Unilever PLC ordinary shares are listed on the London Stock Exchange and as American Depositary Receipts on the New York Stock Exchange. That's the difference.

Is Unilever a holding company? ›

Unilever, either of twin companies, Unilever PLC (based in London) and Unilever NV (based in Rotterdam), which are the holding companies for more than 500 companies worldwide engaged in the manufacture and sale of soaps, foods, and other products for household consumption.

Why did Unilever change its organizational structure? ›

Unilever today announced changes to its organisational model to make it a simpler, more category-focused business. The company will move away from its current matrix structure and will be organised around five distinct Business Groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream.

What is the new Unilever structure? ›

On 1 July 2022, Unilever implemented a new, more category-focused operating model organised around five Business Groups. The company replaced its previous matrix structure with distinct Business Groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, Ice Cream.

Is Ben & Jerry's owned by Unilever PLC? ›

The company was sold in 2000 to the multinational conglomerate Unilever but operates as an independent subsidiary. Its present-day headquarters is in South Burlington, Vermont, with its factory in Waterbury, Vermont. Ben & Jerry's Homemade Holdings, Inc. May 5, 1978 in Burlington, Vermont, U.S.

Who owns Unilever today? ›

What is the old name of Unilever? ›

In September 1929, Unilever was formed by a merger of the operations of Dutch Margarine Unie and British soapmaker Lever Brothers, with the name of the resulting company a portmanteau of the name of both companies.

Does BlackRock own Unilever? ›

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in Unilever. BlackRock, Inc. is currently the largest shareholder, with 9.1% of shares outstanding.

Who controls Unilever? ›

Unilever (UL) Ownership Overview

The ownership structure of Unilever (UL) stock is a mix of institutional, retail and individual investors. Approximately 6.30% of the company's stock is owned by Institutional Investors, 0.00% is owned by Insiders and 93.70% is owned by Public Companies and Individual Investors.

Is Unilever a good company? ›

Is Unilever a good company to work for? Unilever has an overall rating of 4.1 out of 5, based on over 17,284 reviews left anonymously by employees. 83% of employees would recommend working at Unilever to a friend and 69% have a positive outlook for the business. This rating has decreased by 1% over the last 12 months.

Why is Unilever so successful? ›

We have a long tradition of being a responsible and pioneering business. It goes back to the days of our founders, including William Lever, who launched one of the world's first purposeful brands, Sunlight Soap, more than 100 years ago. And it is at the heart of how we run our company today.

How did Unilever end up with two corporate headquarters? ›

Unilever has had two bases, in Rotterdam, the Netherlands, and London, since it was formed in 1930 by the merger of Unie, a Dutch margarine maker, and Lever Brothers, a British soap company. The corporate consolidation will require approval by shareholders of Unilever's Dutch and British parts.

Who is the main competitor of Unilever? ›

Unilever competitors include GSK, Johnson & Johnson, Nestle USA, Mars and Procter & Gamble.

Is Unilever a wholly owned subsidiary? ›

Unilever United States, Inc. (the Company or UNUS) is a wholly owned subsidiary of UNUS Holding BV (incorporated in the Netherlands) (the “Parent”) which itself is an indirect, wholly- owned, subsidiary of Unilever PLC (incorporated in the United Kingdom) (the “Ultimate Parent”).

What makes Unilever better than its competitors? ›

Unilever's Strengths

Strong brands. a diverse range of products. Large-scale economies of scale. Market presence on a global scale.

Why is Unilever stock falling? ›

The firm's shares have slumped more than 9% in the past 12 months, the second worst performer in the NSE Nifty 50 Index. Investors have sold Hindustan Unilever and its consumer-giant peers as they found it hard to justify the expensive valuations of the companies amid faltering sales growth.

Who owns Unilever USA? ›

What is the organizational culture of Unilever? ›

Unilever and its employees celebrate the diversity of people, and respect people for who they are and what they bring. Unilever wants to foster working environments that are fair and safe, where rights are respected and everyone can achieve their full potential.

What type of market structure is Unilever? ›

The typical market structures are the monopolistic competition, perfect competition, monopoly, and oligopoly. The industry in which Unilever operates is characterised by oligopoly because the global market is dominated by the products of such corporations as Unilever, Procter & Gamble, and Nestle (Proctor 2014).

What is the governance structure of Unilever? ›

The Board has four Board Committees: the Audit Committee, the Compensation Committee, the Corporate Responsibility Committee, and the Nominating and Corporate Governance Committee. The Board has two Management Committees: the Disclosure Committee and the Global Code and Policy Committee.

What leadership style does Unilever use? ›

Unilever's Approach to Leadership

It combined the following elements: 1. To create a growth vision (growth served as the key criteria for employees' behaviors at Unilever); 2. To drive growth through implementation and to energize others for growth; and 3. To secure employees' commitment to growth.

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