Unilever PLC - Unification of Corporate Structure – Update
Unification of Unilever's Corporate Structure - Update
Unilever announces that, following Board meetings held earlier today, the Boards intend to proceed with their Unification proposals and to request that the UK High Court approves the Cross-
The Boards consider that Unification is in the best interests of Unilever, its shareholders and other stakeholders taken as a whole and will bring significant benefits by:
• increasing Unilever's strategic flexibility for portfolio evolution; and
• removing complexity and further strengthening Unilever's corporate governance.
The Boards are of the view that unification under Unilever PLC is the best practical option to achieve these objectives and will better position Unilever for future success.
In deciding whether to proceed, the Boards have considered many factors, including the GroenLinks initiative bill, tabled on
The Court hearing to approve the Cross-
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