Unilever wants to unify on Nov. 29, ending its hybrid structure consisting of the NV and PLC shares. “The final steps towards completing the unification include UK High Court hearings on Oct. 23 and Nov. 2, with the Dutch-listed shares ceasing trading after Nov. 27.”
What will happen to our (fractional) NV shares? Just want a clarification thanks in advance!
At this point, we cannot disclose the exact procedure to follow as the mandatory event is yet to be confirmed. However, we are investigating and will update you as soon as we have definitive information.
Unilever says UK court has approved unification plan
“Unilever’s cross-border merger between its Dutch and British corporate entities has been approved by the United Kingdom’s High Court, the company said on Monday, marking the effective point of no return for the group’s plan to become a single London-based entity.”
For holders of the current Unilever PLC - no changes will be observed.
For holders of the Unilever NV Structure - shares will be converted to the Amsterdam listed PLC shares with a 1:1 ratio, on the 30th of November (When the official listing is scheduled to be executed and dealing commenced)