Unilever to Terminate NV Depositary-Receipt Structure
June 27 2019 - 02:45AM
Dow Jones News
By Adam Clark
Unilever PLC (ULVR.LN) said Thursday that the board of its NV
Trust Office has agreed to terminate its depositary-receipt
structure.
The owner of the Hellmann's mayonnaise, Dove soap and Ben &
Jerry's ice cream brands said NV depositary receipts will be
terminated Friday after the close of trading on Euronext Amsterdam.
Holders will receive ordinary shares in Unilever NV (UNA.AE).
Unilever said the NV Trust Office will no longer be able to
exercise voting rights or issue depositary receipts but will
continue to operate until June 27, 2021, to facilitate the
conversion of bearer certificates to shares.
According to the company, depositary receipts are currently in
issue for around 74% of Unilever NV shares.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
June 27, 2019 02:30 ET (06:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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