Unilever has announced the completion of the unification of its Group Legal structure under a single parent company – Unilever PLC.
From 30 November, for the first time in history, Unilever now trades with one market capitalisation, one class of shares, and one global pool of liquidity, while also maintaining the Group’s listings on the Amsterdam, London, and New York stock exchanges.
Nils Andersen, chairman of Unilever, said: “This is an important day for Unilever and we would like to thank our shareholders for their strong support of our Unification proposals, which give us greater flexibility for strategic portfolio change, remove complexity, and further improve governance.”
There will be no change to Unilever’s operations, locations, activities, or staffing levels in either the Netherlands or the UK as a result of the Unification. Unilever’s Foods & Refreshment Division headquarters will continue to be based in Rotterdam and the Home Care and Beauty & Personal Care Divisions will continue to be headquartered in the UK.