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Unilever To Terminate Depositary Receipt Structure Of Amsterdam Entity

(Alliance News) - Consumer goods company Unilever PLC on Thursday said it has secured investor ...

Alliance News 27 June, 2019 | 8:48AM
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(Alliance News) - Consumer goods company Unilever PLC on Thursday said it has secured investor approval to terminate the depositary receipt structure of Unilever NV and, as a result, depositary receipts holders will get Unilever NV ordinary shares in exchange.

The depositary receipt structure will be terminated on Friday after close of trading on Euronext Amsterdam.

The termination of the depositary receipt structure does not affect Unilever NV shares held in New York Registry form nor Unilever PLC shares held in American Depositary Receipt form.

Unilever PLC shares in London were trading 0.7% lower at 4,858.50 pence each on Thursday morning.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Unilever PLC 4,516.50 GBX 0.48

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Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

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