Unilever Update On Share Consolidation; Shareholders To Receive 8 New Shares For Every 9 Existing, ADS Holders To Receive 8 New ADSs For Every 9 Existing; Effective 9 December 2025
Unilever PLC
Update on Share Consolidation
Unilever PLC ("Unilever") announces that, following the confirmation earlier today of the completion of the demerger of its ice cream business (the "Demerger"), the consolidation of ordinary shares in Unilever (the "Share Consolidation") in connection with the Demerger will become effective as at 8.00 a.m. (London time) tomorrow (Tuesday 9 December 2025).
As at the record time of 10:00 p.m. (London time) this evening (Monday 8 December 2025), the Share Consolidation will apply a ratio of:
8 New Unilever Shares for every 9 existing ordinary shares in Unilever.
Admission of the new ordinary shares of Unilever (the "New Unilever Shares") (i) to listing on the Equity Shares (Commercial Companies) Category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities will take place at 8:00 a.m. (London time) tomorrow (Tuesday 9 December 2025), and (ii) to listing and trading on Euronext Amsterdam will take place at 9:00 a.m. (Amsterdam time) tomorrow (Tuesday 9 December 2025).
The New Unilever Shares will have a nominal value per share of 3 1/2 pence each and will be registered with the ISIN number GB00BVZK7T90.
Further information in relation to the Share Consolidation can be found in the circular to shareholders published on Thursday 2 October 2025 (the "Circular"). The Circular is available on Unilever's website at www.unilever.com/gm. Shareholders are encouraged to read the Circular in full.
The key dates and times in relation to the Share Consolidation are set out at the end of this announcement.
Fractional entitlements
Fractional entitlements to New Unilever Shares may arise as a result of the Share Consolidation. Any holding of ordinary shares in Unilever which is not exactly divisible by the consolidation ratio will result in the number of entitlements to New Unilever Shares to be received being rounded down to the nearest whole number.
Individual fractional entitlements will be aggregated and sold in the market. The net proceeds of the sale, after the deduction of any expenses and/or commission associated with such sale (including any related VAT), will be paid in due proportion to the relevant Unilever shareholders.
Total voting rights
The following notification is made in accordance with the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rule 5.6.1.
Following the Share Consolidation, Unilever's share capital as at 8:00 a.m. (London time) on Tuesday 9 December 2025 will consist of 2,232,630,400 ordinary shares of 3 1/2 pence each.
Of those ordinary shares, 51,625,153 are held as treasury shares and 314,912 ordinary shares (including ordinary shares represented by Unilever PLC ADSs) are held by or on behalf of companies in the Unilever group (the "Unilever Group Shares"). The voting rights attaching to the Unilever Group Shares are not exercisable. Accordingly, as at 8:00 a.m. (London time) on Tuesday 9 December 2025, there will be 2,180,690,335 shares with voting rights.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Unilever under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
American Depositary Shares ("Unilever ADSs")
The Share Consolidation will not result in a change to the ratio of shares represented by each Unilever ADS, which will remain as 1:1.
However, following the Share Consolidation becoming effective, the existing Unilever shares held by the ADS Depositary will be replaced with a smaller number of New Unilever Shares. As a result, Unilever ADS holders will, upon cancellation of their existing Unilever ADSs, be issued with and receive 8 new Unilever ADSs ("New Unilever ADSs") for every 9 existing Unilever ADSs.
It is expected that "regular-way" trading with respect to existing Unilever ADSs will end at market close on Monday 8 December 2025 and that "regular-way" trading with respect to new Unilever ADSs will commence on the New York Stock Exchange at market open on Tuesday 9 December 2025.
New Unilever ADSs will trade under the CUSIP number 904767 803.
Expected timetable of principal events
The times and dates set out in the timetable below and throughout this announcement are indicative only and based on Unilever's current expectations and may be subject to change without further notice. Unless otherwise indicated, all references to time in this timetable are to London time unless otherwise specified.