Unilever plc (LON:ULVR, NYSE:UN) has said it sees a single corporate structure as being in the best interests of the company and its shareholders, but the Anglo-Dutch consumer products firm has not yet made a decision over which listing location to pursue.
In a statement ahead of its annual investor event, to be held on its November 29th and 30th 2017, it said a single share class would provide "greater ongoing strategic flexibility for value-creating portfolio change".
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After rebuffing a US$143bn takeover offer from US firm Kraft Heinz Co. (NASDAQ:KHC) earlier this year, Unilever announced in April that it would review its corporate structure, with the aim of making a decision by the end of the year.
The maker of Marmite spread, Dove soap and Knorr soups said the review was continuing and the outcome would be announced in due course.
If the company does unify, Unilever added that it would intend to maintain stock market listings in the Netherlands, United Kingdom and United States, continue to apply both the UK and Dutch corporate governance codes and terminate the preference shares of the Dutch entity it recently bought back.
A move to abandon either its Rotterdam or London headquarters would be politically sensitive, especially given Britain's planned exit from the European Union.
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The FTSE 100 listed also reconfirmed its 2017 guidance for underlying sales growth of 3% to 5%, an improvement in underlying operating margin of at least 100 basis points and "strong" cash flow delivery.